Wal-Mart Stores said Monday that former American Airlines Chairman and CEO Tom Horton has been added to its board of directors as of last Friday.
“I’ve long admired Wal-Mart’s values and its successful record of improving people’s lives around the world,” Horton said in the company’s announcement. “Wal-Mart has a strong leadership team backed by a solid business plan and is building new and innovative ways to serve customers. I look forward to working with my new colleagues on the board.”
“Tom’s management and business experience and, in particular, his roles in operational and financial management at American Airlines will bring valuable insights to the Board,” Wal-Mart Chairman Rob Walton said.
“His broad leadership roles combined with his global insights and understanding of the corporate issues a multinational company manages will benefit the board, our management team and our shareholders,” Walton said.
Horton, a long-time American employee, was named Chairman and CEO of American when predecessor Gerard Arpey stepped down on the evening of Nov. 28, 2011. The carrier filed for bankruptcy the next morning.
Upon the Dec. 9, 2013 merger with US Airways, Horton gave up the CEO title and became non-executive chairman. He gave up that title the day before American’s June 4, 2014 annual meeting.
This puts two former airline personalities from North Texas on the boards of major retailers. Colleen Barrett, president emeritus of Southwest Airlines, has sat on the J.C. Penney board since 2004.
Wal-Mart filed an 8-K with the Securities and Exchange Commission that outlined Horton’s compensation as a board member.