The Profound Meaning Of The Successor Of WAL-MART Sun Son-In-Law

In the face of the impact of the electricity supplier, the wisdom of the Walton family in the right to inherit the train of thought is almost the same: one hand has developed a career history of exceptionally strong and in line with the needs of the company's successor Penner, and in order to smooth Penner succession, and chose to work hard spirit, from the bottom of the company to fight, Penner value.

Wait forsomeone.

Of course, the difficulties faced by Penner and Dong Minglun are not small.

Sam Walton created the WAL-MART kingdom by hand. In the hands of Rob Walton, WAL-MART was extremely powerful.

Annual report data show that in the more than 20 years since Rob became chairman of WAL-MART's board of directors, the company's net sales increased by more than US $400 billion, and its total operating profit increased by more than US $22 billion.

On June 5th, at the WAL-MART shareholders' meeting, Rob Walton, the 70 year old son of WAL-MART founder Sam Walton and chairman of the board of directors, announced that the board of directors elected Sam, Walton, sun son-in-law Greg Penner, 45 years old as the new chairman of the board of directors of the company. The decision was effective from the date of announcement.

At the age of 47, Rob Walton took over from Sam Walton, which was almost the same as the succession of Greg Penner.

Therefore, this matter can easily be interpreted as a more normal family business rights inheritance story.

And the good ones focused their attention on why Sam Walton's granddaughter's husband took over, instead of the details of his grandson's succession.

However, after studying Penner's resume, it is easy to find the meaning of Rob Walton and Walton family's choice.

Consult

Before you resume, you can read a few key data in WAL-MART's earnings report.

The information released in the 2015 fiscal year (February 1, 2014 to January 31, 2015) shows that the sales volume of Wal-Mart Store Inc's global e-commerce is about $12 billion 200 million, an increase of 22% over the same period last year, while the total revenue of the company's fiscal year is about $485 billion 700 million, an increase of about 2% over the same period, and the total sales volume of e-commerce is about 2.5%.

The number of noteworthy data is 2.5%, that is,

Accounting for total revenue in the company.

After more than ten years of commercial business baptism in the US business community, this accounting data makes people feel that WAL-MART is not losing its tail.

However, WAL-MART electric business President Neal Ashe (Neil Ashe) believes that WAL-MART's pace is not slow, and is accelerating.

"Over the past three years, the company has doubled its investment in e-commerce, and the development of e-commerce has doubled its performance," he said.

In the future, it will speed up the development of e-commerce, with emphasis on the integration of e-commerce and entity businesses.

Neal Ashe's position is closely related to Penner.

Personal career history shows that Penner started his career as a Goldman Sachs analyst and then entered WAL-MART as a management student.

Penner has been a senior vice president of Walmart.com finance and strategy, CFO of WAL-MART Japan, and joined WAL-MART board in 2008 as chairman of the board of technology and Electronic Commerce Committee.

Penner's resume shows its rich experience in e-commerce, finance and retailing. It also shows its importance to the business of e-commerce, which is what WAL-MART needs in the period of business pformation.

At the same time, Penner is closely related to WAL-MART's current management, especially the relationship between WAL-MART and current WAL-MART CEO.

A few years ago, Penner predicted to Rob Walton that Dong Minglun (Doug McMillon), who was still working in WAL-MART's middle-level management position, could take the lead.