Kyle Peterson is stepping down from his post as executive director of the Walton Family Foundation (WFF).
The foundation announced this week that Peterson has elected to leave his position but will remain on staff for six months to facilitate the transition to new leadership.
In a statement from WFF Board Chair Carrie Walton Penner, Peterson is described as a leader who “brought fresh think that…built upon the bedrock values that drive our work.” Penner says that Peterson joined the foundation at a “pivotal moment” in the foundation’s history and brought an “exciting vision” for the organization.
During Peterson’s tenure, he helped coordinate approximately $600 million in yearly giving. He also was instrumental, according to the statement, in positioning the foundation for the future by focusing on development and creating a strong organizational identity.
According to Penner’s statement, the foundation will begin a search for Peterson’s successor.
Image courtesy of the Walton Family Foundation