This handout photo received on November 21, 2008 shows Mike Duke, New Wal-Mart president & CEO. Wal-Mart Stores, the world's biggest retailer, announced November 21, 2008 the appointment of Mike Duke, a company vice chairman, as the new chief executive effective February 1. Duke, 58, will succeed Lee Scott as president and chief executive officer. Duke was also elected to the company's board of directors, effective immediately. "This management change occurs at a time of strength and momentum for Wal- Mart," said Rob Walton, chairman of the Wal-Mart board of directors. "Mike Duke is a highly respected executive both domestically and internationally, with broad experience throughout the company, having successfully led Wal-Mart's Logistics Division, US operations, and international operations," said Walton. Getty Images logo Getty Images 12 months ago

This handout photo received on November 21, 2008 shows Mike Duke, New Wal-Mart president & CEO. Wal-Mart Stores, the world's biggest retailer, announced November 21, 2008 the appointment of Mike Duke, a company vice chairman, as the new chief executive effective February 1. Duke, 58, will succeed Lee Scott as president and chief executive officer. Duke was also elected to the company's board of directors, effective immediately. "This management change occurs at a time of strength and momentum for Wal- Mart," said Rob Walton, chairman of the Wal-Mart board of directors. "Mike Duke is a highly respected executive both domestically and internationally, with broad experience throughout the company, having successfully led Wal-Mart's Logistics Division, US operations, and international operations," said Walton.

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  1. Wal-Mart Stores CEO Mike Duke (L) confers with and Coca-Cola CEO Muhtar Kent (R) during the Fifth Annual Meeting of the Cinton Global Initative (CGI) in New York September 22, 2009.
  2. NEW YORK - SEPTEMBER 22: Mike Duke, President and CEO of Wal-Mart Stores (L), and Muhtar Kent, President and CEO of the Coca-Cola Company participate in the Fifth Annual Meeting of the Clinton Global Initiative (CGI) on September 22, 2009 in New York City. The Fifth Annual Meeting of the Clinton Global Initiative (CGI) brings together leaders in politics, business, science, academics and religion to discuss global issues such as climate change and peace in the Middle East.
  3. In this photo provided by Walmart, children who belong to the Boys & Girls Clubs of America in New Orleans arrive at a pre-screening event of Disney's "The Princess and the Frog" in Metairie, La. Wednesday Dec. 9, 2009.
  4. A donor put cash into the Salvation Army kettle as volunteer Carol Hannigah rings the bell in front of the Walmart off Damonte Ranch in Reno, Nev. on Saturday Dec. 5, 2008. Donations can now be made using an ATM or credit card at a few locations in Reno.
  5. Liam Dirling, 5, puts a dollar into the Salvation Army kettle in front of the Walmart off Damonte Ranch on Saturday Dec. 5, 2008. Donations can now be made using an ATM or credit card at a few locations in Reno. Helping Liam is Salvation Amy volunteer Carol Hannigah and his mother Ciera Durling in the background.
  6. Visit your local Walmart or www.walmart.com to check out Soft Hugwear's premium line of luxe wellness, beauty, travel, gift and accessory products. Soft Hugwear has something for everyone on your holiday gift list!.

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