# Greg Penner **Gregory Boyd "Greg" Penner** (b. 1969) is the chairman of [[Walmart]]'s board of directors since 2015 and co-owner/CEO of the NFL's Denver Broncos — the third person, after [[Sam Walton]] and [[Rob Walton]], to chair the world's largest retailer. He married [[Carrie Walton Penner]], daughter of [[Rob Walton]], making him the non-blood Walton who now holds the single most powerful corporate governance seat in the dynasty. ## Background - Born December 18, 1969, in Pasadena, California - B.A. in international economics, Georgetown University - M.B.A., Stanford Graduate School of Business (1997) - Financial analyst at Goldman Sachs before joining Walmart - CFO of Walmart Japan; SVP of finance and strategy for Walmart.com - Joined Walmart board in 2008; vice-chairman 2014; chairman 2015 - Founder and general partner of **Madrone Capital Partners**, a private investment firm ## Broncos ownership In June 2022, the Walton-Penner ownership group purchased the Denver Broncos for $4.65 billion — then the most expensive sports franchise sale in history. Penner serves as CEO of the team alongside [[Rob Walton]] as principal owner. ## Why he matters for the KB Penner is the operational power center of the [[Walton Family]] empire — the person who chairs both [[Walmart]] and the Broncos franchise, while running Madrone Capital. He represents the model of dynasty-by-marriage: an outsider who gained the chairmanship through his union with the founder's granddaughter. He is a central node in the [[Walton Family]] page.