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for the first time a walmart fifty year history there someone leaving the board of directors who does not share his same last name with company founder sam walton , that doesn't mean he's not related on friday the world's largest retailer named greg penner the grand son in law of the founder and chairman of the board penner takes over from his , father in law rob walton , he's been in the chairman's seat for more than two decades , well the last name is that change is still extends the families employment into a third generation no consolation prize for some shareholders pounding the table for a clean break reasons a three year probe into international bribery allegations , sluggish sales and lackluster profits