Walmart CEO Doug McMillon has been selected to serve as the new chairman for the Business Roundtable, an association of chief executive officers in the United States.
McMillon will begin his two-year term as chair on Jan. 1, 2020.
Currently a member of the association’s board of directors, McMillon joined the organization in 2014. He has served as CEO for Walmart Stores, Inc. since February 2014, and he was previously head of Walmart’s international division and CEO for Sam’s Club.
“Doug is a superb leader of a company that reaches over 5,300 communities and employs 1.5 million people in America,”Joshua Bolten, President & CEO of Business Roundtable, said. “As CEO of the nation’s largest employer, Doug brings an important perspective to the policy debate around the future of work, innovation and America’s competitiveness. I look forward to supporting Doug and all our members as we continue to advocate for policies that spur innovation, sustain economic growth and expand opportunity in the United States.”
McMillon is succeeding JP Morgan Chase & Co CEO and Chairman Jamie Dimon as the Business Roundtable chairman. Dimon has served in the role since Jan. 1, 2017 and will remain on the organization’s board of directors after his chairmanship ends.
“Doug is a forward-looking leader who understands the importance of a growing and inclusive economy that serves all Americans,” Dimon said. “At a time when our organization is reaffirming the significance of corporate commitments to workers and communities as a critical piece of creating long-term value, Doug is uniquely experienced to lead by example and ensure our voice is heard.”
Formed in 1972, the association is composed exclusively of CEOs for American companies. According to the association’s website, it aims to “promote a thriving U.S. economy and expanded opportunity for all Americans through sound public policy.”
“In the coming months, there will be extensive conversations about America’s future and the role business plays in shaping it,” McMillon said. “As Chairman, I commit to keeping Business Roundtable CEOs at the forefront of constructive public policy debates as we pursue an agenda of greater growth and opportunity for all Americans.”