Walmart‘s board of directors has appointed the chairman of NBCUniversal International Group and NBCUniversal Telemundo Enterprises as a new independent director to the company’s board, effective immediately.
Cesar Conde becomes the 12th member of the board and will become a member of the company’s Audit Committee and Technology and eCommerce Committee.
“Cesar brings strong skills as a global executive and expertise in brand management, finance, digital and media that will complement our board of directors’ experiences,” said Walmart Chairman of the Board Greg Penner. “We look forward to his strategic insights as we continue to drive the transformation of Walmart to better serve customers and win in an omni-channel world.”
Conde said, “Today’s consumer landscape is changing, and I believe Walmart’s unique assets position the company to meet the changing demographics around the world. I look forward to working with the board and management team to help drive the company’s strategic plans and continued growth.”
As Chairman of NBCUniversal International Group, he is responsible for the operations and international expansion of NBCUniversal businesses outside of North America. As Chairman of Telemundo Enterprises, he oversees the leading media properties serving Hispanics across broadcast, cable and digital platforms.
It is unclear as to the impact of Walmart advertising budgets on Telemundo, compared to other Hispanic media companies.