Greg Penner

Last updated

Greg Penner
Born
Gregory Boyd Penner

(1969-12-18) December 18, 1969 (age 55)
Education
OccupationBusinessman
Title
Board member of
Spouse Carrie Walton Penner
Children4

Gregory Boyd Penner (born December 18, 1969) is an American businessman who is the chairman of Walmart and co-owner and CEO of the Denver Broncos of the National Football League (NFL). He is the son-in-law of S. Robson Walton and the grandson-in-law of Sam Walton, the founder of Walmart. [1] [2] [3]

Contents

Early life

Penner is the son of Clifford and Joyce Penner, sex therapists based in Pasadena, California. [4] [5] They have published sex-advice books from a Christian perspective. [5]

He majored in international economics at Georgetown University before earning an MBA from the Stanford Graduate School of Business in 1997. [6]

Career

He worked as a financial analyst at Goldman Sachs. [1] [2] [7]

Prior to succeeding father-in-law Rob Walton as Walmart chairman, Penner held a variety of roles at Walmart. He started as a store employee and eventually became the CFO of Walmart Japan. He was appointed to the Walmart board of directors in 2008 and was named vice-chairman in 2014. [1]

Penner is the founder of Madrone Capital Partners, an investment firm located in Menlo Park, California. [8] [9] He is on the board of directors of Baidu, eHarmony, Hyatt Hotels, Teach for America, [10] [11] and co-chair of Charter School Growth Fund. [12] [13]

On August 9, 2022, the NFL owners approved the purchase of the Denver Broncos by a syndicate consisting of Penner, his wife Carrie, father-in-law Rob Walton, Condoleezza Rice, Mellody Hobson, and Sir Lewis Hamilton. [14] The next day, the Broncos announced that Penner would also be taking over as the team's new CEO after Joe Ellis stepped down from the position. [15] In his role, Penner is the operating head of the franchise and the public face of the Walton-Penner Family Ownership Group. He has primary responsibility for the Broncos' day-to-day operations in collaboration with his partners. [15] He is recognized as the team's controlling owner by the NFL, and represents the Broncos at league meetings. [16]

Personal life

Penner is married to Carrie Walton Penner, the daughter of Rob Walton. Penner met his wife while they were undergraduates at Georgetown University. They have four children and live in Atherton, California. [7]

Related Research Articles

<span class="mw-page-title-main">Denver Broncos</span> National Football League franchise in Denver, Colorado

The Denver Broncos are a professional American football team based in Denver. The Broncos compete in the National Football League (NFL) as a member of the American Football Conference (AFC) West division. The team is headquartered in Dove Valley, Colorado.

Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores in the United States and 23 other countries. It is headquartered in Bentonville, Arkansas. The company was founded in 1962 by brothers Sam and James "Bud" Walton in nearby Rogers, Arkansas. It also owns and operates Sam's Club retail warehouses.

<span class="mw-page-title-main">Sam Walton</span> American business magnate (1918–1992)

Samuel Moore Walton was an American business magnate best known for founding the retailers Walmart and Sam's Club, which he started in Rogers, Arkansas, and Midwest City, Oklahoma, in 1962 and 1983 respectively. Wal-Mart Stores Inc. grew to be the world's largest corporation by revenue as well as the biggest private employer in the world. For a period of time, Walton was the richest person in the United States. His family has remained the richest family in the U.S. for several consecutive years, with a net worth of around $440.6 billion US as of January 2025. In 1992 at the age of 74, Walton died of blood cancer and was buried at the Bentonville Cemetery in his longtime home of Bentonville, Arkansas.

<span class="mw-page-title-main">S. Robson Walton</span> American billionaire (born 1944)

Samuel Robson "Rob" Walton is an American billionaire heir to the fortune of Walmart, the world's largest retailer. He is the eldest son of Helen Walton and Sam Walton, and was chairman of Walmart from 1992 to 2015. As of December 2024, Forbes estimated his net worth to be US$110.8 billion, making him the 13th richest person in the world. He is also the principal owner of the Denver Broncos.

<span class="mw-page-title-main">Alice Walton</span> American heiress to the fortune of Wal-Mart Stores, Inc.

Alice Louise Walton is an American heiress to the fortune of Walmart as daughter of founder Sam Walton. In September 2016, she owned over $11 billion in Walmart shares. As of November 2023, Walton has a net worth of $71 billion, making her the 17th richest person and the second-richest woman in the world according to Bloomberg Billionaires Index, after Françoise Bettencourt Meyers.

<span class="mw-page-title-main">Jim Walton</span> American businessman (born 1948)

James Carr Walton is an American businessman, currently an heir to the fortune of Walmart, the world's largest retailer. As of December 2024, Walton was the 14th-richest person in the world, with a net worth of US$109.5 billion according to Forbes. He is the youngest son of Sam Walton.

Ann Walton Kroenke is an American billionaire. Heiress to the Walmart fortune, Ann and her sister, Nancy Walton Laurie, inherited stock from their father, Bud Walton, who was the brother and an early business partner of Walmart founder Sam Walton. She is the owner of the Denver Nuggets of the NBA and Colorado Avalanche of the NHL.

<span class="mw-page-title-main">David Glass (businessman)</span> American businessman (1935–2020)

David Dayne Glass was an American businessman. He was president and chief executive officer of Walmart Stores, Inc. He was also an owner and chief executive officer of the Kansas City Royals.

Christy Ruth Walton is the widow of John T. Walton, who was one of the sons of the Walmart founder Sam Walton.

<span class="mw-page-title-main">B. Kevin Turner</span> American businessman and investor (born 1965)

B. Kevin Turner is an American businessman and investor who is the chairman of Zayo Group and the vice chairman of Albertsons/Safeway Inc.

Thomas Martin Coughlin was an American businessman who served as vice chairman of Wal-Mart Stores, Inc. and confidant of founder Sam Walton.

<span class="mw-page-title-main">Walton family</span> Family descended from the founders of Walmart

The Walton family is an American family whose collective fortune derived from Walmart makes them the richest family in the United States, and, as of December 2024, the richest family in the world.

<span class="mw-page-title-main">Stan Kroenke</span> American sports team owner (born 1947)

Enos Stanley Kroenke is an American billionaire businessman. He is the owner of Kroenke Sports & Entertainment, which is the holding company of Arsenal F.C. of the Premier League and Arsenal W.F.C. of the Women's Super League, the Los Angeles Rams of the NFL, Denver Nuggets of the NBA, Colorado Avalanche of the NHL, Colorado Rapids of MLS, Colorado Mammoth of the National Lacrosse League, the Los Angeles Gladiators of the Overwatch League, and the Los Angeles Guerrillas of the Call of Duty League.

<span class="mw-page-title-main">Mellody Hobson</span> American businesswoman

Mellody Louise Hobson Lucas is an American businesswoman who is president and co-CEO of Ariel Investments, and former chair of Starbucks. She is the former chairman of DreamWorks Animation, having stepped down after negotiating the acquisition of DreamWorks Animation SKG, Inc., by NBCUniversal in August 2016. In 2017, she became the first African-American woman to head The Economic Club of Chicago. On December 26, 2020 it was announced she would become chair of Starbucks in 2021, thus becoming the first black woman to chair a S&P 500 company, making her one of the highest profile corporate directors in the United States. She would serve in the role of chair until August 2024.

Josh Walton Kroenke is an American heir to the Walmart family inheritance and to Kroenke Sports & Entertainment, his father's sports-media conglomerate. He is involved in running the Denver Nuggets basketball franchise, the Colorado Avalanche ice hockey franchise, the Colorado Rapids, and English football club Arsenal. The company co-owns Elitch Gardens Theme Park as well.

<span class="mw-page-title-main">Doug McMillon</span> American businessman (born 1965)

Carl Douglas McMillon is an American businessman, and the president and chief executive officer (CEO) of Walmart Inc. He sits on the retailer's board of directors. Having first joined the company as a summer associate in high school, he became the company's fifth CEO in 2014. He previously led the company's Sam's Club division, from 2005 to 2009, and Walmart International, from 2009 to 2013.

Carrie Walton Penner is the granddaughter of Sam Walton, the founder of Walmart, and the daughter of former company chairman S. Robson Walton.

Lukas Tyler Walton is an American billionaire heir. He is the grandson of Sam Walton, the founder of Walmart.

Steuart Walton is an American attorney and businessman. Born into the billionaire Walton family, he is a director of Walmart, the world's largest company by revenue, co-founder of private equity firm RZC Investments, which bought British cycling brand Rapha in 2017, and founder of Game Composites, a composite aircraft manufacturer.

References

  1. 1 2 3 Nassauer, Sarah (June 5, 2015). "At Wal-Mart, a Son-in-Law for Chairman" . Wall Street Journal .
  2. 1 2 Dudley, Renee; Coleman-Lochner, Lauren (June 5, 2015). "Wal-Mart's Greg Penner Will Succeed Rob Walton as Chairman". Bloomberg Business . Retrieved June 5, 2015.
  3. ↑ Kroll, Luisa (December 1, 2014). "Sam Walton's Granddaughter Has Plans To Fix Public Education In America". Forbes. Retrieved June 14, 2024.
  4. ↑ "Wal-Mart's Greg Penner to succeed Rob Walton as chairman". Archived from the original on July 1, 2015.
  5. 1 2 "Founder's grandson-in-law is Wal-Mart heir apparent". Family Business. June 10, 2014. Retrieved September 29, 2022.
  6. ↑ "Greg Penner". Brown University. Retrieved September 29, 2022.
  7. 1 2 Dudley, Renee (June 6, 2014). "Greg Penner Emerges as Heir to Wal-Mart's Chairmanship". Bloomberg.
  8. ↑ "Madrone Capital Partners People – CB Insights". www.cbinsights.com. Retrieved July 6, 2020.
  9. ↑ "Madrone Capital Partners LLC". Bloomberg. Retrieved July 6, 2020.
  10. ↑ "Gregory B. Penner". walmart.com. Archived from the original on June 30, 2015. Retrieved June 5, 2015.
  11. ↑ Dudley, Renee (June 6, 2014). "Greg Penner Emerges as Heir to Wal-Mart's Chairmanship". Bloomberg Business . Retrieved June 5, 2015.
  12. ↑ "This Quiet Walton Heir is an Uber Education Policy Wonk". February 15, 2014.
  13. ↑ "PeopleFinder". Archived from the original on July 1, 2015. Retrieved June 28, 2015.
  14. ↑ "NFL owners approve Walton-Penner group's purchase of Denver Broncos franchise". NFL.com. August 9, 2022. Retrieved August 14, 2022.
  15. 1 2 DiLalla, Aric (August 10, 2022). "New Broncos Owner & CEO Greg Penner outlines key requirements for winning organization". DenverBroncos.com. Retrieved August 14, 2022.
  16. ↑ Broncos bio
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.