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Wal-Mart president, CEO steps down

BENTONVILLE, Ark. — Wal-Mart Stores CEO and President Mike Duke is stepping down from those posts. The world’s biggest retailer named Doug McMillon as his successor. The 63-year-old Duke will stay on as chairman.

The 47-year-old McMillon’s appointments are effective Feb. 1. He previously served as CEO of Walmart International.

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