Wal-Mart has appointed former Woolworths CEO Roger Corbett to its board of directors, bringing the number of representatives on the board to 14.
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Corbett retired as Woolworths CEO and group managing director, positions he had held since 1999, just seven weeks ago.
“Roger has a wealth of experience in international retail operations, including international sourcing,” said Rob Walton, chairman of the board. “We’ve admired Roger’s leadership for many years. He was instrumental in building Woolworths into the dynamic and successful enterprise it is today in Australia.”
Corbett will serve on the board’s Strategic Planning and Finance Committee , Wal-Mart said.
“It is a privilege to serve on the board of a company that sets the standard for retail excellence in the world,” Corbett said. “Wal-Mart touches the lives of millions of people every day, improving their standard of living in so many ways.”
Corbett presently serves on the boards of John Fairfax Holdings, Reserve Bank of Australia, Shore School, Australian Leisure & Hospitality Group and The Salvation Army. He also retains a consultancy position at Woolworths, although the Australian retailer has said that this causes no conflict of interest.
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