Walmart appoints American Airlines CEO Tom Horton to board

Walmart has named former chairman and CEO of American Airlines Tom Horton as the newest member of the company's board of directors, effective Nov. 21. Horton is the board's 16th member and will serve as a member of the company's audit committee.

"Tom's management and business experience and, in particular, his roles in operational and financial management at American Airlines will bring valuable insights to the Board," said Walmart Chairman Rob Walton. "His broad leadership roles combined with his global insights and understanding of the corporate issues a multinational company manages will benefit the Board, our management team and our shareholders."

Horton has more than 30 years of experience with business and finance. He stepped down from American Airlines in December 2013 and stayed on as non-executive chairman of the board until June 2014. Before that he was named chairman and CEO in 2011, leading the airline through a successful restructuring and turnaround and eventually spearheading a merger with US Airways to create the world's largest airline. Press release