Wal-Mart Stores Inc. adds new board member

Wal-Mart Stores Inc. announced that its board of directors has appointed Pamela Craig, retired chief financial officer of Accenture, as a new member of the company’s board, effective immediately.

Craig became the fifteenth member of the board and will also serve as a member of the company’s Audit Committee.

“Pam Craig is a well-respected leader and ideally suited to serve on Wal-Mart’s board given her extensive financial experience and her understanding of the vital role technology plays in business today,” said Wal-Mart Chairman Rob Walton. “The domestic and global perspectives she gained during her 34 years with Accenture give her unique insight into managing a global company that will be invaluable to Wal-Mart.”

Craig, 56, has extensive experience in finance, technology and operations from her time at Accenture, a global management consulting, technology services and outsourcing company. She served as the company’s chief financial officer from October 2006 until July 1.

In that role, she was responsible for the company’s corporate controllership, corporate development, treasury, tax, finance operations and strategic planning and analysis. Craig retired from Accenture on Aug. 31.

“I look forward to working with the board and executive management team and to helping Wal-Mart maintain its retail leadership role,” Craig said. “In an unpredictable global economy I believe Wal-Mart is well-positioned for continued success through its stores and growing eCommerce business, disciplined financial approach and leadership position on important issues facing society.”

Craig holds a master of business administration degree from New York University and a bachelor's degree with honors in economics from Smith College. She currently serves on the board of directors and as audit committee chair for Akamai Technologies and on the board of VMware Inc.