Walmart Boosts Board of Directors with Finance Expert Bob Moritz; Greg Penner and Tom Horton Comment
BENTONVILLE, AR - In a strategic move to bolster its leadership team, Walmart announced the appointment of a new Board Member. Bob Moritz, former Chairperson of PricewaterhouseCoopers (PwC), joined the Board as its 12th member, bringing a wealth of experience in global business and governance.
“I’m honored to be joining the Walmart Board of Directors,” remarked Moritz. “The company has an impressive track record of serving customers, members, and communities for more than 60 years, and it has never been more relevant than it is today. I’m looking forward to joining my colleagues on the Board as we continue to lead Walmart on its mission of helping people save money and live better.”
Moritz has an audit and assurance background, primarily dealing with financial services, banking, and capital markets clients, one that Chairman Greg Penner described as a boon to the retailer's strategies.
“We are a people-led, tech-powered, omnichannel retailer dedicated to helping people save money and live better. As we continue to build on this foundation while defining the future of retail, it’s important to have strategic leaders like Bob on our Board," Penner noted. "With his history at the helm of PwC, his strategic, global perspective and highly relevant governance experience make him the ideal candidate to help us on our continued journey to be the best we can be.”
In June 2024, Moritz retired from PwC after working for 39 years in various roles, including U.S. Chairman and Senior Partner, with his most recent role as the Global Chair of the firm, according to a press release. Moritz joined PwC in 1985 and became a partner in 1995.
This career shift offers an exciting transition for Moritz and retailers, as Walmart continues to deliver on its mission of providing everyday essentials at a great value.
“Bob brings a wealth of global business experience to our Board. From his long career at PwC he brings international leadership experience and deep financial expertise across industries and regions of the world. We’re very excited to have him join us and put his expertise to work for Walmart associates, customers, and shareholders,” said Tom Horton, Lead Independent Director.
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