POST Online Media Lite Edition


Walmart adds ex American Airlines chairman and CEO Tom Horton

Staff writer |
Bentonville, Ar., USA - Wal-Mart Stores, Inc. announced that it has appointed Tom Horton, former chairman and CEO of American Airlines, as a new member of the company’s board.

Article continues below

Mr. Horton will also serve as a member of the company’s Audit Committee.

Mr. Horton has more than 30 years of business and finance experience.

He joined American Airlines in 1985 from international accounting partnership firm Peat Marwick & Company, now KPMG, and continued with American until 2002, rising to the role of Senior Vice President, Finance and CFO.

He left American in 2002 for AT&T, where he served as CFO and later was appointed Vice Chairman.

In 2005, Mr. Horton led the evaluation of strategic alternatives that ultimately led to the combination with SBC Communications, which formed the new AT&T.

In March 2006, he returned to American as Executive Vice President of Finance and Planning.

He was named President in 2010 and Chairman and CEO in 2011, where he led American through a successful restructuring and turnaround which culminated in the merger with US Airways, creating the world's largest airline.

He stepped down as President and CEO of American in December 2013 and remained non-executive Chairman of the board until June 2014.

Mr. Horton holds a Master of Business Administration degree from the Cox School of Business at Southern Methodist University (SMU) and a Bachelor of Business Administration degree, magna cum laude, from Baylor University.

He serves on the Board of Directors of Qualcomm, Inc., a leading developer and innovator of advanced wireless technologies.