Dear WalMart - Thank You and Farewell Mr. Lee Scott
Just days before the Thanksgiving holiday, Lee Scott, announced that as of February 1, 2009 he will step down as the CEO of WalMart. The CEO position will then be filled by Mike Duke, head of international operations.
Now, WalMart is by no means a saint, and makes for an easy target as the world’s largest retailer but it is hard to identify another company that has made such a dramatic transformation and taken such a leadership role in advancing green operations and standards in their industry than WalMart.
During his nine-year tenure as CEO, WalMart experienced severe public criticism, plummeting stock prices, and the retailer fell off the radar for the large majority of consumers lured by Target or Costco.
Much of the eco-friendly innovations in the retail industry today were initiated by Walmart, under the leadership of Lee Scott. Just last month, at the company’s sustainability summit in China last month, Lee Scott laid out even stricter environmental standards, saying;
“Our goal is for the supplier factories to meet or exceed all social and environmental laws and regulations” Wal-Mart President and CEO Scott told the gathering on Wednesday. “I want to be direct: My intention here is to send a strong message about how serious we are. Meeting social and environmental standards is not optional.”
Followed by this stern statement; “If they still do not improve, they will be banned from making products for Wal-Mart,” Scott said.
