Walmart said the Board appointed Robert E. Moritz, Jr. as a director on August 15, 2024. He will serve on the Audit Committee and the Technology and eCommerce Committee.

1. 01

   Walmart said the Board appointed Robert E. Moritz, Jr. as a director on August 15, 2024. He will serve on the Audit Committee and the Technology and eCommerce Committee.

2. 02

   The company said Moritz will receive a prorated portion of the $200,000 annual stock award and a prorated portion of the $100,000 annual retainer, based on his term through the 2025 Annual Shareholders' Meeting, under its non-management director compensation.

3. 03

   The company said the annual retainer will be paid quarterly in arrears through the 2025 Annual Shareholders' Meeting. Moritz may elect to receive the retainer in cash, Walmart common stock, deferred stock units, cash deferred into an interest-bearing account, or any combination of these.

4. 04

   The company said Moritz retired from PwC in June 2024 after 39 years at the firm, with his most recent role as Global Chair. He becomes the 12th member of Walmart's Board.

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