Rob Walton, eldest son of Walmart founder Sam Walton, is stepping down from the company's board.
He first joined Walmart in 1969 and has served on the board for more than 40 years.
The company said Walton "helped shape some of the most important moments in Walmart history."
AdvertisementRob Walton, eldest son of Walmart founder Sam Walton's three children, is stepping down from the company's board of directors in June.
Even in retirement, Walton will have significant influence over Walmart through his co-ownership of Walton Enterprises, which is the largest holder of Walmart stock.
Persons:
Rob Walton, Sam Walton, Walton, —, Sam Walton's, Sam, Greg Penner
Organizations:
Walmart, Service, Walton Enterprises, Bloomberg