Walmart’s board scores a triple
Sarah Friar, the CFO of innovative payments provider Square, Inc., is the newest member of the Walmart board. She becomes the 12th member of the board and is expected to bring a fresh perspective and skill set that includes finance, operations, strategy and technology knowledge, according to Walmart Chairman Greg Penner.
“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,” Penner said.
Friar has served as CFO of Square since July 2012 and helped the company co-founded by Twitter founder Jack Dorsey go public in the fall of 2015. Prior to Square, she spent a year at Salesforce as a Senior Vice President of Finance and Strategy. From July 2000 to April 2011, Friar held various positions at Goldman Sachs, including Managing Director in the Equity Research Division. She also serves on the board of Slack, a provider of real times collaboration software and New Relic, Inc., a digital intelligence company. And if that experience isn’t enough, Friar has a degree in metallurgy, economics and management from the University of Oxford and an MBA from Stanford.
"From raising wages to leading important sustainability initiatives, Walmart is one of the few businesses able to effect meaningful, positive change on a global scale," Friar said. "I look forward to working with the team to continue building a company and a culture worthy of this responsibility."