Walton Family to Extend Walmart Ownership Interest to Next Generation

The Waltons, one of the world’s wealthiest families, said Thursday that internal governance of their ownership interest in Walmart Inc. will expand to include its next generation.

There won’t be changes to leadership roles held by family members, who are descendants of the company’s founder Sam Walton. The family said maintaining the balance of family and non-family ownership will continue to be important.