Financial Leadership Profile: Mike Duke was elected new chief executive officer and board of directors for

Wal-Mart Company, effective February 01, 2009. Wal-Marts current strategy is to delivered value to shareholders, increase opportunity to 2 million associates, and save 180 million customers around the world money. Around the same time, Eduardo Castro-Wright, 53, was promoted to Vice chairman. Wal-Mart chief financial officer Charles Holley joined the company in 1994. He is also currently the executive vice president of finance and treasury. His job duties consists of corporate strategy and tax planning, investor relations, corporate mergers and acquisitions, risk management, capital markets, cash management, and treasury operations. Before starting his position at Wal-Mart, Charles worked for Tandy Corporation (radio shack) as a managing director, and served as director of finance and international operations. He also worked for Ernst and Young, were he spent more than 10years. Charles has been a key member to Wal-Marts strategic team for many years, and has overseen the financial functions of the company during the times of growth and expansion. He has strengthened the balance sheet and implemented financial controls. Thomas M. Schoewe, is the Executive Vice President and Chief Financial Officer of WalMart. He is 57 yrs old, and started working for Wal-Mart in 2000. Schoewe worked for Black and Decker for 14 years, as chief financial officer. Holley and Schoewe are well known leaders in the financial and retail industries, and are active within community services. Current Company Performance: The company is committed to saving people money, earning the trust of customers, and providing quality merchandise at everyday low prices. Wal-Marts net sales increased by 3.4% in

2010 and 1.0% in fiscal 2011, due to continued expansion. During fiscal 2011, they added 3.4% in retail square feet. Net sales increase in fiscal 2010 was because of increase of customer traffic, continued global expansion, and the acquisition of a Chilean subsidiary. Operation expenses moved slower than net sales. Operation expenses increased by 1.7%, and net sales increased 4% during fiscal 2011. Many changes made during fiscal 2010 collectively strengthened and streamlined the operation. Current management believes that return investments are a meaningful measure of sharing with investors. Management helps investors assess Wal-Marts employment related issues. Also, management balances long-term impact and ROI is stable at a 19.2 % during the years ending in January 2011 and 2010. During the year of 2011, there was an increase in calculations of return on investment by 2208, denominator in amount of 13031, and return on assets of 9.1%, but there was a decrease in certain balance sheet data. Wal-Marts net sales and operation expenses have increased within the year, and if the company keep delivering and staying current in products, Wal-Mart will have an increase in sales. Their growth comes from a combination of comparable sales and new stores. The ability to choose from local and global sourcing provides them with significant competitive advantage. Business Risk:

The company has experienced massive growth in 2011, according to financial reports. Within the same year, 2011, theyve had taken a decrease from unrecognized tax benefits, income from continuing operations before taxes, effective income taxes rate, long-term debt, net cash provided by operating activities, and Wal-Mart international segments. The three top risks the company is facing are long- term debts, international segments, and cash flow from operating

activities. When reviewing the second and fourth quarter reports, the company increased cash flow from operating activates and operating income, including tax benefits. For the year 2010 Wal-Mart stores reported an increased cash flow of 2.5 percent, from 112.8 billion, within the fourth quarter. Therefore, the top three risks for the company in the second quarter are no longer significant risks. When reviewing the financial reports from the second and fourth quarters, Wal-Mart shows strength in a few areas. The company is providing quality products at lower prices, and, if you ask me, the company is truly saving people money. I would like to invest in a company that has shown an increase in capital gains and net sales, like Wal-Mart.