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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."

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Dave Lawler, author of World
24 mins ago - World

Alexey Navalny lands back in Moscow despite threat of arrest

Navalny during a march last February. Photo: Kirill Kudryavtsev/AFP via Getty

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Driving the news: Vnukovo airport — where Navalny was scheduled to land and a group of supporters had gathered — was closed to arriving aircraft shortly before his flight was set to land. He landed instead at Sheremetyevo airport. It's not yet clear whether he'll be allowed to leave the airport.

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President-elect Biden has ordered up a shock-and-awe campaign for his first days in office to signal, as dramatically as possible, the radical shift coming to America and global affairs, his advisers tell us. 

The plan, Part 1 ... Biden, as detailed in a "First Ten Days" memo from incoming chief of staff Ron Klain, plans to unleash executive orders, federal powers and speeches to shift to a stark, national plan for "100 million shots" in three months.

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Photo illustration: Sarah Grillo/Axios. Photo: Jim Watson/AFP/Getty Images

Beginning on election night 2020 and continuing through his final days in office, Donald Trump unraveled and dragged America with him, to the point that his followers sacked the U.S. Capitol with two weeks left in his term. This Axios series takes you inside the collapse of a president.

Episode 2: Trump stops buying what his professional staff are telling him, and increasingly turns to radical voices telling him what he wants to hear. Read episode 1.

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