Biography

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Michael Fung

Director
Mr. Fung, retired after 11 years from Wal-Mart Stores, Inc. in 2012. Mr. Fung was the Senior Vice-President and Chief Financial Officer of Wal-Mart U.S., a position he held from 2006 through his retirement in 2012. From 2001 to 2003, Mr. Fung served as Vice President of Finance and Administration for Global Procurement and was promoted in 2003 to Senior Vice President and Chief Audit Executive. In his previous roles with Wal-Mart, Mr. Fung was responsible for U.S. finance operations, including strategy, merchandising, logistics, real estate, operations, professional services, and financial planning and analysis. Prior to his experience at Wal-Mart, Mr. Fung held financial leadership positions at Universal Foods Corporation, Vanstar Corporation, Bass Pro Shops, Inc., and Beatrice Company. The Company believes that Mr. Fung’s strong financial background and international leadership experience will be a valuable addition to its Board of Directors. Mr. Fung is an “independent director” under the listing standards of the New York Stock Exchange. Mr. Fung received his Bachelor’s degree in accounting from the University of Illinois and a MBA from the University of Chicago. Mr. Fung is a Certified Public Accountant (inactive) in the State of Illinois, the Chair for the Board of Directors of the Asian Pacific Islander American Scholarship Fund, a member of The Committee of 100 and the University of Illinois Foundation. Mr. Fung also serves as a Director with 99 Cents Only Stores LLC.
Independent Director