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Wal-Mart Exec Tapped for Fed Advisory Council

Friday, April 1, 2005

Michael Cook, vice president and assistant treasurer for Wal-Mart Stores, Inc., in Bentonville, Ark., has been appointed to a three-year term on the Federal Reserve Board's Consumer Advisory Council.

The council, which meets three times a year in Washington, D.C., advises the Board on the exercise of its responsibilities under the Consumer Credit Protection Act and on other consumer financial services matters.

At Wal-Mart, Cook is responsible for domestic payment services and financial operations. His work supports global strategies for electronic payments and financial services. A 12-year veteran with Wal-Mart, Cook has been instrumental in numerous company initiatives, including the formation of its Financial Services Division.