Walmart hired more people of color, but not at the executive or boardroom level, new report says

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Retired Chairman and CEO of AT&T Randall Stevenson, who is White, joined Walmart’s board of directors in March. He is the only director of Walmart Council of 12 members named since the police murder of George Floyd on May 25, 2020, who motivated Walmart executives to create a $ 100 million racial equity program center less than two weeks later.

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

Walmart President and CEO Doug McMillon addressed racial inequality head-on during one of the company’s virtual employee meetings over a year ago.

“The murder of George Floyd is tragic, painful and unacceptable,” McMillon told Walmart global employees in June 2020. “Words and feelings matter, but they’re not enough. More action is needed. We will find some new ways to accelerate the desire for 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 country, with more than 2 million employees worldwide, including 1.5 million in the United States alone, according to the latest report on diversity, equity and inclusion of the company. 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 more than 20% of its employees were black in July. They are also the largest non-white employee segment of Walmart’s workforce. African Americans made up 11.9% of the U.S. population in 2020, according to the latest U.S. census.

Yet only about 9% of Walmart executives are African American, the latest company demographics confirm. The company says this is an increase of 2.28% from the same period last year.

Black members of Walmart’s leadership team 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 Dr Cheryl Pegus, executive vice president of corporate health and wellness.
Dacona smith, executive vice president and chief operating officer of Walmart US, became the last African American to join Walmart’s management team in February 2020. He and executive vice president of Walmart US Latriece watkins, who oversees the company’s consumables business operations, completes Black Walmart’s five senior executives in 48 executive positions (about 10%), according to his management web page.
An employee replenishes frozen goods 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. Whites represent more than 53% of Walmart’s workforce and represent more than 63% of its managers and 74% of its executives.

The report also says people of color make up more than 46% of Walmart’s workforce, but the company’s website shows that black and brown Americans only make up about 16.7% of the 12 board members of Walmart. administration of Walmart.

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.

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

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


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