Wal-Mart Stores Nominates Directors

Bentonville, Ark. Wal-Mart Stores announced Tuesday it will nominate two new board members at its June 6 annual shareholder meeting.

Gregory B. Penner, 38, a general partner at investment management firm Madrone Capital Partners, and Arne M. Sorenson, 49, an executive VP and CFO of Marriott International Inc. are the retailer’s selected candidates. Current board members Jack Shewmaker, who has been on the board since 1977, and Roland Hernandez, a 10-year board member, will not stand for re-election at the annual meeting.