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Walmart Appoints Friar To Board Of Directors

Walmart’s board of directors has appointed Sarah Friar, chief financial officer of Square, Inc., as a new independent director to the company’s board, effective immediately.

Friar becomes the twelfth member of the board and will also serve as a member of the company’s audit committee and strategic planning and finance committee.

Since 2012, Friar has served as CFO of Square, Inc., a provider of commerce tools that help businesses start, run, and grow from payments to point-of-sale to financing. Prior to that, she served as the svp/finance and strategy at Salesforce. From 2000 to 2011, Friar served in various positions at Goldman Sachs Group, including managing director in the equity research division.

“We’re pleased to welcome Sarah to the Walmart board and know that Walmart will benefit from her fresh perspective and skill set, which includes strong expertise in finance, operations, strategy and knowledge of technology,” said Greg Penner, Walmart chairman of the board. “We’re confident Walmart has the right strategy to drive sustainable growth and shareholder returns and believe that Sarah’s insights and experience as a board member will complement the company’s ongoing efforts to better serve customers.”