BENTONVILLE, AR – Walmart has appointed a new member to its Board of Trustees, bringing tech and financial savvy from Square, Inc. The company has announced Sarah Friar, Chief Financial Office for Square, will assume the role of Independent Director effective immediately.
"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, in a press release. "I look forward to working with the team to continue building a company and a culture worthy of this responsibility."
Friar joins Walmart as the twelfth member of the company’s board and will also serve as a member of Walmart’s Audit Committee and Strategic Planning and Finance Committee.
"We’re pleased to welcome Sarah to the Walmart board and know that Walmart will benefit from her fresh perspective and skillset, which includes strong expertise in finance, operations, strategy, and knowledge of technology," said Chairman of the Board 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."
Friar has served as CFO of Square—a provider of commerce tools that help businesses start, run, and grow from payments to point-of-sale to financing—since July of 2012. She previously served as the SVP of Finance & Strategy for Salesforce, and prior to that, served in various capacities with Goldman Sachs.
In addition to Walmart, Friar currently serves as a member of the board of directors of computer software company Slack, and at New Relic, Inc., a leading digital intelligence company, where she serves on the Audit Committee. Friar holds a MEng in Metallurgy, Economics, and Management from the University of Oxford and an MBA from the Stanford Graduate School of Business.
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