Wal-Mart board nominates Google executive to board
Bentonville, Ark. — Wal-Mart Stores announced that its board of directors has nominated Marissa A. Mayer of Google Inc., for election as a new member of the company’s board at Walmart’s Annual Shareholders’ Meeting on June 1, 2012. If elected, Mayer would become the sixteenth member of the board.
Mayer, 36, is VP Local and Maps for Google Inc., in Mountain View, Calif., a position she has held since 2010. She leads the product management and engineering efforts of Google’s local, mobile, and local-based products. Mayer previously served as Google’s VP Search Products and User Experience, beginning in 2005.
Walmart and Humana team up on prescription program
Bentonville, Ark. — Walmart is partnering with health services company Humana Inc. to offer a new prescription drug plan for insured employers and employees. Humana’s pharmacy benefits management subsidiary, Humana Pharmacy Solutions, will now offer the Walmart Rx Network. The partnership will also offer a new formulary, or approved drug list, called Rx4Value.
Humana said the new formulary and the Walmart Rx Network guarantee up to 20% savings on employers’ average prescription price. The program is available to self-insured employers and will be available to fully insured employers later this year.
“At Walmart, we’re committed to providing low-cost prescriptions and ensuring that people have affordable access to the medications they need to help them live healthier lives,” said John Agwunobi, president of Walmart U.S. health and wellness. “We are proud to team with Humana on this innovative benefit.”
Dave & Buster’s hires BJ’s VP to head up store development
Dallas — Dave & Buster’s Inc. named John Mulleady as senior VP development, responsible for leading the company’s expansion strategy into new and under-penetrated markets. He most recently served as VP real estate and construction at BJ’s Wholesale Club.
"Dave & Buster’s has big plans for expansion, and we needed a leader with experience opening a large number of new stores. John’s background in developing large-format brands makes him the ideal person to lead this charge,” said Steve King, CEO of Dave & Buster’s.