Northwest Arkansas Democrat-Gazette

NBC official joins Walmart’s board

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Walmart Inc. has elected NBC executive Cesar Conde to its board of directors.

He will serve on the audit committee and the technology and e-commerce committee, according to documents filed last week with the U.S. Securities and Exchange Commission.

As part of his nonmanagem­ent director compensati­on, Conde received 550 shares of Walmart common stock, the documents state. He also will receive a prorated portion of a $90,000 annual retainer.

Conde is the chairman of NBCUnivers­al Internatio­nal Group and NBCUnivers­al Telemundo Enterprise­s. He also serves on PepsiCo’s board. He is a trustee of the Aspen Institute and the Paley Center for Media, a member of the nonprofit Council on Foreign Relations, and a member of the World Economic Forum’s Young Global Leaders.

Before joining NBCUnivers­al in 2013, Conde was president of the Spanishlan­guage television network Univision.

Walmart Board Chairman Greg Penner said in a news release Monday that Conde brings to the board “strong skills as a global executive and expertise in brand management, finance, digital and media.”

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