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News Summary: Wal-Mart names ex-KPMG exec to board

By The Associated Press
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THE NEWS: Wal-Mart Stores Inc. said Monday that it is adding the former international chairman of accounting firm KPMG to its board, effective immediately.

BACKGROUND: Tim Flynn, 55, will become the board’s 17th member and is also joining the audit committee. Flynn spent 32 years at KPMG and became international chairman in 2007. He retired in 2011.

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