Over 25% of Walmart Executives Are People of Color, New Report Says

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People of color made up over 55% of new hires at Walmart between February and July of this year and now hold more than 25% of the retailer’s executive positions, according to the company’s website and its latest diversity, equity and inclusion report released on Friday.
This includes at least two African-American officers who joined the company this summer, the company confirmed on Saturday. Chief medical officer Dr John Wigneswaran in July became one of the last black executives or executives to be hired by Walmart (WMT).
In June, Walmart also hired Capitol One Canada president Jennifer R. Jackson, who became Walmart’s most recent senior vice president of corporate strategy, mergers and acquisitions and strategic partnerships. In November, Walmart hired Dr Cheryl Pegus, to serve as executive vice president of health and wellness.

Walmart says it has worked harder in recent years to increase diversity at its highest ranks. Company President and CEO Doug McMillon addressed the issue of racial inequalities at one of Walmart’s virtual employee meetings following the murder of George Floyd over a year ago .

“The murder of George Floyd is tragic, painful and unacceptable,” McMillon told the worldwide population of Walmart employees in June 2020. “Words and feelings matter, but they’re not enough. More action is needed. We will find new ways to accelerate the desired changes within our business and we will also find ways in which our business can influence real change in our country. “

Walmart (WMT) is by far the largest private employer in the United States, with more than 2 million employees worldwide, including 1.5 million in the United States alone, according to the company’s latest diversity report, the equity and inclusion. Amazon is far behind, with 798,000 employees as recently as 2019, according to Fortune.
McMillon said in June 2020 that approximately 340,000 Walmart employees are black. The company’s latest report confirms that as of July, more than 20% of its employees were black. African Americans are also the largest non-white employee segment of Walmart’s workforce, though they only make up 11.9% of the U.S. population in 2020, according to the latest U.S. census.

About 9% of Walmart executives are African American, the latest company demographics confirm, but Walmart says this is an increase of about 2.3% from the same time period. last year.

“While we are encouraged by the growth of our Black and African American representation within our leadership team, we recognize that we are on the way and have more work to do,” CNN Business told CNN on Saturday. Walmart spokesperson Jami Lamontagne.

Black members of Walmart’s leadership team also include executive vice president of neighborhood markets Kelvin L. Buncum, Senior Vice President and Global Head of Culture, Diversity, Equity and Inclusion Ben Hassan and Dacona smith, executive vice president and chief operating officer of Walmart US.
An employee restocks frozen food items at a Walmart store in Burbank, Calif., November 26, 2019.

Latinos make up nearly 18% of Walmart’s employee population, but only 5.5% of company executives, according to the report. Asians, who represent more than 4% of the brand’s employees, represent more than 10% of its managers and 9% of its directors. In August, Anshu Bhardwaj was promoted to senior vice president of technology strategy and marketing within Walmart’s global technology team.

Whites make up over 53% of Walmart’s workforce, and they make up over 63% of its directors and 74% of its executives.

The DCI report also says people of color make up over 46% of Walmart’s workforce, but the company’s website shows black and brown Americans only make up about 16.7% of Walmart’s workforce. 12 members of the Walmart Board of Directors.

Retired AT&T President and CEO Randall Stevenson, who is white, joined Walmart’s board of directors in March. He is the only director of Walmart’s board of directors appointed since the police murder of George Floyd on May 25, 2020, which motivated Walmart executives to create a $ 100 million center on the racial equity agenda. less than two weeks later.

AT&T is the parent company of WarnerMedia, owner of CNN.

President of the NBCUniversal News group Caesar Condé is the only Latin American to sit on Walmart’s board of directors. Him and Morgan Stanley Vice President of Wealth Management Carla A. Lewis, who is black, are the only people of color on Walmart’s board of directors.
People of color saw a slight increase in promotions from hourly employees to managerial positions, which increased by more than two percentage points between January and July, according to Walmart’s 2020 DCI end-of-year review.
Last October, the Executive Board of Directors, a nonprofit that works to increase the number of black executives in American businesses, gave Walmart its Company Award 2020 honor “companies that value and reward the contributions, talents and leadership of black employees.”

In its most recent DCI report, Walmart highlighted the marginal gains women have made at the agent level, as well as the May launch of its Accessibility Center of Excellence, designed to advance equity and inclusion. people with disabilities.

Walmart was also one of 24 companies that commissioned global consulting firm McKinsey & Co. to study the challenges black Americans face in the private sector.

“This further reinforces the importance of addressing these complex systemic issues through our internal human resource management processes,” Walmart executive vice president and chief human resources officer Donna Morris said in the report.

The study found that “educational attainment has a disproportionate impact” on the employment gap faced by African Americans. Walmart announced that it would cover 100% of the tuition fees of its workers’ colleges about six months after the publication of the McKinsey study.

“While we’ve made progress, we still have work to do,” the company told CNN Business on Friday via email.


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