Gregory Boyd Penner (born December 18, 1969) is an American businessman who is the chairman of

Walmart Walmart Inc. (; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores in the United States and 23 other ...

and co-owner and CEO of the

Denver Broncos The Denver Broncos are a professional American football team based in Denver. The Broncos compete in the National Football League (NFL) as a member of the American Football Conference (AFC) AFC West, West division. The team is headquartered in E ...

of the

National Football League The National Football League (NFL) is a Professional gridiron football, professional American football league in the United States. Composed of 32 teams, it is divided equally between the American Football Conference (AFC) and the National ...

(NFL). He is the son-in-law of S. Robson Walton and the grandson-in-law of

Sam Walton Samuel Moore Walton (March 29, 1918 – April 5, 1992) was an American business magnate best known for Co-founding the retailers Walmart and Sam's Club, which he started in Rogers, Arkansas, and Midwest City, Oklahoma, in 1962 and 1983 res ...

, the founder of Walmart.

Early life

Penner is the son of Clifford and Joyce Penner, sex therapists based in

Pasadena Pasadena ( ) is a city in Los Angeles County, California, United States, northeast of downtown Los Angeles. It is the most populous city and the primary cultural center of the San Gabriel Valley. Old Pasadena is the city's original commercial d ...

, California. They have published sex-advice books from a Christian perspective. He majored in international economics at

Georgetown University Georgetown University is a private university, private Jesuit research university in Washington, D.C., United States. Founded by Bishop John Carroll (archbishop of Baltimore), John Carroll in 1789, it is the oldest Catholic higher education, Ca ...

before earning an

MBA A Master of Business Administration (MBA) is a professional degree focused on business administration. The core courses in an MBA program cover various areas of business administration; elective courses may allow further study in a particular a ...

from the

Stanford Graduate School of Business The Stanford Graduate School of Business is the Postgraduate education, graduate business school of Stanford University, a Private university, private research university in Stanford, California. For several years it has been the most selective ...

in 1997.

Career

He worked as a financial analyst at

Goldman Sachs The Goldman Sachs Group, Inc. ( ) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many internationa ...

. Prior to succeeding father-in-law Rob Walton as Walmart chairman, Penner held a variety of roles at Walmart. He started as a store employee and eventually became the CFO of Walmart Japan. He was appointed to the Walmart board of directors in 2008 and was named vice-chairman in 2014. Penner is the founder of Madrone Capital Partners, an investment firm located in Menlo Park, California. He is on the board of directors of

Baidu Baidu, Inc. ( ; ) is a Chinese multinational technology company specializing in Internet services and artificial intelligence. It holds a dominant position in China's search engine market (via Baidu Search), and provides a wide variety of o ...

, eHarmony, Hyatt Hotels,

Teach for America Teach For America (TFA) is an American nonprofit organization whose stated mission is to "enlist, develop, and mobilize as many as possible of our nation's most promising future leaders to grow and strengthen the movement for educational excell ...

, and co-chair of Charter School Growth Fund. On August 9, 2022, the NFL owners approved the purchase of the

by a syndicate consisting of Penner, his wife Carrie, father-in-law Rob Walton,

Condoleezza Rice Condoleezza "Condi" Rice ( ; born November 14, 1954) is an American diplomat and political scientist serving since 2020 as the 8th director of Stanford University's Hoover Institution. A member of the Republican Party, she previously served ...

, Mellody Hobson, and Sir Lewis Hamilton. The next day, the Broncos announced that Penner would also be taking over as the team's new CEO after Joe Ellis stepped down from the position. In his role, Penner is the operating head of the franchise and the public face of the Walton-Penner Family Ownership Group. He has primary responsibility for the Broncos' day-to-day operations in collaboration with his partners. He is recognized as the team's controlling owner by the NFL, and represents the Broncos at league meetings.Broncos bio
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Personal life

Penner is married to Carrie Walton Penner, the daughter of Rob Walton. Penner met his wife while they were undergraduates at Georgetown University. They have four children and live in

Atherton, California Atherton ( ) is an incorporated town in San Mateo County, California, United States. Its population was 6,823 as of July 2023 estimates. The town's zoning regulations permit only one single-family home per acre in new subdivisions, though smal ...

References

External links

Walmart bio

Denver Broncos bio
{{DEFAULTSORT:Penner, Greg 1969 births Living people Walton family Stanford University alumni Directors of Walmart Georgetown University alumni Denver Broncos executives Denver Broncos owners People from Atherton, California 21st-century American businesspeople Goldman Sachs people