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Former Wal-Mart CEO leaves committees

Wal-Mart Stores Inc., the world’s biggest retailer, said Wednesday its former chief executive, David Glass, stepped down from the board’s executive and stock option committees last week.
/ Source: The Associated Press

Wal-Mart Stores Inc., the world’s biggest retailer, said Wednesday its former chief executive, David Glass, stepped down from the board’s executive and stock option committees last week.

Wal-Mart said in a Securities and Exchange Commission filing that Glass, 70, who will remain a board member, will be replaced on the executive committee by independent board member Christopher J. Williams. Glass will not be replaced on the stock option committee.

Glass will remain on the board of directors.