SAN FRANCISCO (AFX) -- Wal-Mart Stores Inc. Friday afternoon said its board has nominated Aida Alvarez, former administrator of the Small Business Administration, and James Cash Jr., retired professor of business administration at the Harvard University Business School, for election as directors. The retailer added that directors Jose Villarreal, J. Paul Reason and John Opie won't stand for re-election at the June 2 annual shareholders meeting. The company said Villarreal and Reason are rotating off the board as part of normal governance guidelines, and that Opie is leaving to focus his attention on his duties as lead director of Delphi Corp. .
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Wal-Mart Stores, Inc. operates Wal-Mart Stores, Supercenters, Neighborhood
Markets and SAM'S CLUB locations in the United States. The company operates
in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Germany,
Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico, South Korea and
the United Kingdom. The company's securities are listed on the New York and
Pacific stock exchanges under the symbol WMT. More information about Wal-Mart
can be found by visiting http://www.walmartfacts.com . Online merchandise
sales are available at http://www.walmart.com . This story was supplied by MarketWatch. For further information see www.marketwatch.com.
© 2006 AFX News
