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Bloomberg reports that Walmart's board of directors "has identified two internal candidates to succeed Chief Executive Officer Mike Duke, according to a person familiar with the situation.

"The two leading contenders are international chief Doug McMillon, 46, and Bill Simon, 53, who runs the U.S. operations, said the person, who asked not to be identified because the matter is private. While Duke, 63, isn’t expected to step down immediately, Wal-Mart may name his successor in the coming months, the person said."

The story notes that McMillon "has worked at Wal-Mart since starting as a summer worker in 1984" and "is close to the Walton family." Simon joined Wal-Mart in 2006 after working for Brinker International, Diageo, and as secretary of the Florida Department of Management Services.

Duke is seen as vulnerable because, while he is just the fourth CEO in the company's history since it became public, the company is under attack because of alleged bribery of foreign officials and continuing controversy about its labor practices at home.
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