lee scott biography walmart

In response to soaring health care costs in the U.S.,

number of major issues facing the U.S. and the world.

Over the next several years, Walmart stepped out on a

Better" part of Walmart's mission.

the company's reputation by emphasizing the "Live

directors, Lee began to address the challenges facing

funded union groups. With the help of the board of

to face mounting pressure from critics and well-

Midway through Lee's tenure as CEO, Walmart began

as CEO, Walmart was the best performing stock in the

249% percent to over $13 billion. During his last year

including to India, Japan and Chile. Profits also rose

Walmart's operations from 10 to 16 countries,

$1.21 per share to $3.35 per share. He expanded

billion, and a 277% percent increase in earnings, from

in Walmart's global sales, from $165 billion to $401

CEO of Walmart, he oversaw a 243% percent increase

During Lee's more than nine years as president and

In 1979, Lee Scott joined Walmart as an assistant director of the private truck fleet. He quickly rose through the ranks of Logistics to become the division's executive vice president in 1993. Two years later, he transitioned to Merchandise as that division's executive vice president. In 1998, Lee was promoted to president and CEO of Walmart U.S. One year later, he was named chief operating officer and vice chairman of Walmart.

Lee Scott is chairman of the Business Advisory Board for BDT Capital. Previously, he served as Walmart's President and CEO from 2000 to 2009. Lee is widely credited with reinvigorating Walmart's mission and transforming it into a respected corporate leader on many of the major issues facing today's increasingly complex world.