A business icon has passed away as former Walmart President and CEO, and current Kansas City Royals owner David Glass has died at age 84.
According to the Glass family, he passed away on January 9th.
Glass served as the CEO and President of Walmart from 1988-2000, and was one of the main pioneers for the retail giants growth and success today.
Family spokesperson said that Glass died due to complications associated with pneumonia.
Under Glasses leadership at Walmart annual revenues grew from $16 Billion in the year ending January 31, 1988 to Approximately $165 Billion in the fiscal year ending January 31, 2000.
Rob Walton, former Walmart Chairman and eldest son of Sam Walton, said the following:
“When we lost my Dad, David provided a steady, visionary hand the company needed to lead it forward. He did so with a deep sense of humility while maintaining the values and principles Dad founded the company on. More than anyone beyond Sam Walton, David Glass is responsible for making Walmart the company it is today. On behalf of the entire Walton family, I want to express our appreciation for David as a leader and as a friend. He will be deeply missed.”
Most recently Glass was the owner of the Kansas City Royals, and the team in the past 5 years made two World Series appearances, and won the Championship in 2015.
David Glass, dead at 84.