date:Jun 09, 2014
Wal-Mart Stores Inc appointed Gregory Penner as vice chairman, showing again that the world's largest retailer is looking at younger executives to revive its fortunes.
The appointment of 44-year-old Penner puts him in a position to succeed Chairman Rob Walton, his 69-year-old father-in-law.
Penner, who has been on Wal-Mart's board since 2008, is a general partner at Madrone Capital Partners, according to Wal-Mart's website. From 2002 to 2005, he was Wal-Mart's senior vice president and the chi