Walmart Inc. President and CEO Doug McMillon has been elected incoming chairman of Washington, D.C.-based nonprofit Business Roundtable. The two-year term begins Jan. 1, 2020.
McMillon will succeed Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., who began an extended three-year term as chairman on Jan. 1, 2017.
“I am honored to be elected the new Chairman of Business Roundtable,” McMillon said in a statement. “Under Jamie’s leadership, Business Roundtable has made important contributions to strengthen the U.S. economy and its competitiveness. I’m thankful for the foundation he built and I’m excited about what’s ahead.
“In the coming months, there will be extensive conversations about America’s future and the role business plays in shaping it. As chairman, I commit to keeping Business Roundtable CEOs at the forefront of constructive public policy debates as we pursue an agenda of greater growth and opportunity for all Americans.”
Business Roundtable is an association of CEOs of America’s leading companies representing all sectors of the economy. McMillon joined the group in 2014 and currently serves on the board of directors.
“Doug is a superb leader of a company that reaches over 5,300 communities and employs 1.5 million people in America,” Business Roundtable President and CEO Joshua Bolton said in a statement. “As CEO of the nation’s largest employer, Doug brings an important perspective to the policy debate around the future of work, innovation and America’s competitiveness.
“I look forward to supporting Doug and all our members as we continue to advocate for policies that spur innovation, sustain economic growth and expand opportunity in the United States.”