Wal-Mart names former American Airlines CEO to board

Bentonville, Ark. – Wal-Mart Stores Inc. has appointed Tom Horton, former chairman and CEO of American Airlines, as a new member of the company’s board, effective Nov. 21. Horton became the 16th member of the Board and will also serve as a member of the company’s Audit Committee.

Horton, 53, has more than 30 years of business and finance experience. He joined American Airlines in 1985 from international accounting partnership firm Peat Marwick & Company, now KPMG, and continued with American until 2002, rising to the role of senior VP, finance and CFO. He left American in 2002 for AT&T, where he served as CFO and later was appointed vice chairman.

In March 2006, Horton returned to American as executive VP of finance and planning. He was named president in 2010 and chairman and CEO in 2011, stepping down as president and CEO of American in December 2013 and remaining non-executive chairman of the board until June 2014