BENTONVILLE (dpa-AFX) - Wal-Mart Stores, Inc. (WMT) said its board of directors has appointed Timothy Flynn, retired chairman of KPMG International, as a new member of the company's board, with immediate effect. Flynn became the seventeenth member of the board and will also serve as a member of the company's audit committee.
Flynn has extensive experience in risk management, financial services, financial reporting and accounting from his 32 years at KPMG International and its predecessors, serving as the company's international chairman from 2007 until his retirement in October 2011. In this role, he directed a global executive team responsible for the firm's management and operations, and managed a global board of senior partners responsible for the strategy, oversight and governance of the global network.
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