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BENTONVILLE, AR-Doug McMillon, a Walmart veteran who learned about retail from Sam Walton himself, will succeed Mike Duke as president and CEO come Feb. 1, 2014, the world’s largest retailer announced Monday. McMillon was also elected to the company’s board of directors, effective immediately.

At present, McMillon is president and CEO of Walmart International, which operates more than 6,300 stores and employs more than 823,000 associates in 26 countries outside the US. Between 2006 and 2009, he served as president and CEO of Sam’s Club, an operating segment of Walmart, with sales of more than $46 billion during his tenure.

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