Mike Duke is retiring as chief executive of Wal-Mart Stores after a difficult couple of years for the world’s largest retailer. Doug McMillon, who’s 47 and heads the company’s international business, will take over on Feb. 1. Here are four things you need to know about McMillon and what his elevation means for the company he will soon be running:
1. McMillon’s part of Wal-Mart has had its share of troubles recently. The U.S. Department of Justice and the Securities and Exchange Commission are investigating allegations of corruption by Wal-Mart executives in its Mexican subsidiary, the company’s biggest, and a potential cover-up by executives at its headquarters in Bentonville, Ark. Wal-Mart is cooperating with the investigations and conducting its own internal investigation and review. The retailer also faced criticism that it wasn’t doing enough to ensure safe working conditions in garment factories in Bangladesh, after several fires killed more than 1,000 people. And last month Wal-Mart had to break up with its Indian partner, delaying its ambitious plans to open hundreds of supercenters there.