KPMG International ex-chairman joins Wal-Mart board

Mon Jul 30, 2012 8:36am EDT

Timothy P. Flynn attends a session at the World Economic Forum (WEF) in Davos January 29, 2009. REUTERS/Pascal Lauener

Timothy P. Flynn attends a session at the World Economic Forum (WEF) in Davos January 29, 2009.

Credit: Reuters/Pascal Lauener

(Reuters) - Wal-Mart Stores Inc (WMT.N) on Monday said that the retired chairman of accounting and consulting firm KPMG International KPMG.UL has joined its board of directors, effective immediately.

Timothy Flynn, 55, will serve as a member of the retailer's audit committee and becomes the seventeenth member of Wal-Mart's board.

Flynn joined the board of JPMorgan Chase & Co (JPM.N) earlier this year.

Wal-Mart has been embroiled in a bribery scandal at its Mexican operations, which are the subject of investigations by the U.S. Justice Department and the U.S. Securities and Exchange Commission.

In April, a New York Times report said that management at Wal-Mart de Mexico (WALMEXV.MX) orchestrated bribes of $24 million to help it grow quickly in the last decade and that Wal-Mart's top brass tried to cover it up.

(Reporting by Phil Wahba; Editing by Gerald E. McCormick)

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