Walmart Board of Directors Adds Square, Inc. CFO Sarah Friar
February 08 2018 - 8:33AM
Business Wire
Walmart Inc. (NYSE: WMT) today announced that its board of
directors has appointed Sarah Friar, chief financial officer of
Square, Inc., as a new independent director to the company’s board,
effective immediately. Friar becomes the twelfth member of the
board and will also serve as a member of the company’s Audit
Committee and Strategic Planning and Finance Committee.
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Sarah Friar, chief financial officer of
Square, Inc., has been appointed as a new independent director to
the Walmart Inc. board, effective immediately. (Photo: Business
Wire)
“We’re pleased to welcome Sarah to the Walmart board and know
that Walmart will benefit from her fresh perspective and skillset,
which includes strong expertise in finance, operations, strategy
and knowledge of technology,” said Walmart Chairman of the Board
Greg Penner. “We’re confident Walmart has the right strategy to
drive sustainable growth and shareholder returns and believe that
Sarah’s insights and experience as a board member will complement
the company’s ongoing efforts to better serve customers.”
"From raising wages to leading important sustainability
initiatives, Walmart is one of the few businesses able to effect
meaningful, positive change on a global scale," Friar said. "I look
forward to working with the team to continue building a company and
a culture worthy of this responsibility."
Since July 2012, Friar, 45, has served as CFO of Square, Inc., a
provider of commerce tools that help businesses start, run, and
grow from payments to point-of-sale to financing. Prior to that,
she served as the Senior Vice President of Finance &
Strategy at Salesforce. From July 2000 to April 2011, Friar
served in various positions at investment banking company The
Goldman Sachs Group, Inc., including Managing Director in the
Equity Research Division.
Friar currently serves as a member of the board of directors of
computer software company Slack, and at New Relic, Inc., a leading
digital intelligence company, where she is on the Audit Committee.
She holds a M.Eng. in Metallurgy, Economics, and Management from
the University of Oxford and an MBA from the Stanford Graduate
School of Business.
About Walmart
Walmart Inc. (NYSE: WMT) helps people around
the world save money and live better - anytime and anywhere - in
retail stores, online, and through their mobile devices. Each
week, over 260 million customers and members visit our more than
11,600 stores under nearly 60 banners in 28 countries and eCommerce
websites. With fiscal year 2017 revenue of $485.9 billion,
Walmart employs approximately 2.3 million associates
worldwide. Walmart continues to be a leader in sustainability,
corporate philanthropy and employment opportunity. Additional
information about Walmart can be found by visiting
http://corporate.walmart.com, on Facebook at
http://facebook.com/walmart and on Twitter at
http://twitter.com/walmart.
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Walmart Inc.Media Relations ContactRandy Hargrove,
800-331-0085orInvestor Relations ContactSteve Schmitt,
479-258-7172
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