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Walmart CEO Doug McMillon on CNBC. Photo: Adam Jeffery/CNBC via Getty Images

Walmart President and CEO Doug McMillon was named Thursday as the incoming chairman of the Business Roundtable, a CEO-only group that recently sparked a national conversation about the evolving role of corporations in society.

Why it matters: McMillon — born in Arkansas, where Walmart is headquartered, and with the company his whole career — brings a heartland face to business at a time when CEOs face rising political pressure from employees, social media and customers.

  • McMillon, 52, begins a two-year term on Jan. 1 and succeeds JPMorgan Chase Chairman and CEO Jamie Dimon, who has served three years as BRT chair.
  • Walmart, with 2.1 million employees around the world, is enmeshed in many of the policy issues facing the BRT — from trade and taxation to automation and health care.

McMillon was an early leader within Walmart on driving sustainability and led recent efforts to raise wages and increase workforce training.

  • He said in a statement: "In the coming months, there will be extensive conversations about America’s future and the role business plays in shaping it. ... I commit to keeping Business Roundtable CEOs at the forefront of constructive public policy debates."

Dimon said in an interview: "I think Walmart is the epitome of an inclusive-economy company."

  • Josh Bolten, the Business Roundtable's President and CEO, said: "Doug is the ideal person to pick up from Jamie in bringing the broader business community together on looking forward to how do we make sure that this economy works for every American."

Go deeper:

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54 mins ago - Health

Biden voices support for private sector vaccine requirements

Photo: Shawn Thew/EPA/Bloomberg via Getty Images

President Biden said Tuesday that he supports efforts by private businesses to require coronavirus vaccines.

Driving the news: Biden's comments come hours after New York City announced it would demand proof of vaccination for indoor activities, including trips to gyms and restaurants.

Biden calls on Cuomo to resign after sexual harassment findings

Cuomo with Biden and Sen. Chuck Schumer in September 2020. Photo: Chip Somodevilla/Getty Images

President Biden called on New York Gov. Andrew Cuomo (D) to resign on Tuesday after an independent investigation found that Cuomo sexually harassed multiple women, including employees in his office, in violation of state and federal law.

Why it matters: Unlike dozens of other prominent Democrats, Biden held off on calling for Cuomo's resignation in March when the allegations of sexual misconduct first emerged.

Biden expected to announce new eviction ban

Photo: Bloomberg / Contributor

President Biden is expected to reveal a new, more "targeted" ban on evictions, three sources familiar with the matter confirmed to Axios.

Why it matters: The Biden administration allowed the previous eviction moratorium to expire on Saturday night — putting millions of people at risk of homelessness.