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Wal-Mart Names New Foundation Head

BENTONVILLE, Ark., Sept. 4, 2007 – Wal-Mart Stores, Inc. today announced that Margaret A. McKenna has been named the new president of the Wal-Mart Foundation and will be charged with taking the company’s corporate giving to a greater level of impact and excellence. Margaret joins Wal-Mart after a long career in the public and non-profit sectors, and having recently resigned as the president of Lesley University after more than two decades of service. Wal-Mart last year gave more than $270 million to support its 4,000-plus U.S.-based communities and has been recognized by the Chronicle of Philanthropy as the largest cash contributor in America. The majority of Wal-Mart’s giving occurs at the local level as each Wal-Mart store, Sam’s Club, Neighborhood Market and distribution center is empowered to support the issues and causes that are important to their neighborhoods. 

“Margaret McKenna has a proven track record in leading organizations to achieve their goals and managing programs that have a positive impact on communities,” said Leslie Dach, executive vice president of Corporate Affairs and Government Relations for Wal-Mart. “We are proud of our many accomplishments in the area of corporate giving, and we’re ready to take the Wal-Mart Foundation to the next level of effectiveness by strengthening our strategic focus and the impact of our giving. We are confident that Margaret is the person to lead us to achieve this goal.”

During her tenure as President of Lesley University, Margaret led the transformation of the institution from a small college with 2,000 students to a 12,000-student university with a national presence. Today the institution is one of the premier teacher training universities in America with 150 locations in 23 states – making it the largest provider of graduate education in the country. Under her leadership, the university’s endowment increased from $2 million to more than $90 million, the number of academic facilities doubled, and undergraduate education was transformed with the addition of the Art Institute of Boston and initiation of coeducation.

Prior to her role at Lesley, Margaret served as Vice President of Radcliffe, Deputy Counsel in the White House and a Civil Rights lawyer in the U.S. Department of Justice. She has served on multiple Boards of Directors for both non-profit and for-profit organizations, and is currently a board member for: the Cisco Learning Institute, Massachusetts Workforce Investment, Teacher Education Accreditation Council, Council on Higher Education Administration, Boston Chamber of Commerce and Dominion Resources, Inc., among others. Margaret is the author of several publications, the most recent in the latest issue of the New England Journal of Public Policy. She is also the recipient of numerous awards and honors from civic, educational and civil rights organizations, and holds seven Honorary Degrees.

Charitable contributions from Wal-Mart enhance opportunities for individuals and families to live better by supporting initiatives in education, economic opportunity, the environment, and health and human services.

“The presence of Wal-Mart stores throughout this country, along with the commitment of the company to philanthropy, creates unparalleled opportunities for significant positive impact in the lives of countless individuals and families,” said Margaret.

About Wal-Mart Stores, Inc. (NYSE: WMT)
Every week, millions of customers visit Wal-Mart Stores, Supercenters, Neighborhood Markets, and Sam’s Club locations across America or log on to its online store at www.walmart.com.  The company and its Foundation are committed to a philosophy of giving back locally. Wal-Mart (NYSE: WMT) is proud to support the causes that are important to customers and associates right in their own neighborhoods, and last year gave more than $270 million to local communities in the United States.  To learn more, visit www.walmartfacts.com, www.walmartstores.com, or www.walmartfoundation.org.

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