Greg Penner

Last updated

Greg Penner
Born
Gregory Boyd Penner

(1969-12-18) December 18, 1969 (age 54)
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 being named 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, S. Robson 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. He will have primary responsibility for the Broncos' day-to-day football and business operations in collaboration with his partners in the Walton-Penner Family Ownership Group. [15]

Personal life

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

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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. "Sam Walton's Granddaughter Has Plans To Fix Public Education In America". Forbes.
  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. 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".
  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.
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