Soderquist to be Inducted to Arkansas Business Hall of Fame

Siloam Springs, Ark. (September 23, 2010) — The Soderquist Center for Leadership and Ethics’ Founding Executive Donald G. Soderquist has been selected to be inducted into the Arkansas Business Hall of Fame. Soderquist, former Vice Chairman of Walmart, will be inducted with three other distinguished Arkansas business leaders at a ceremony in February.

“Don’s leadership in the business world goes far beyond his role in the success of Walmart,” said Chuck Hyde, CEO of The Soderquist Center. “Through his vision and leadership at The Soderquist Center, a new generation of business leaders are being challenged to consider how their values drive their judgment and behavior, not only in business but in every aspect of their life.”

The Arkansas Business Hall of Fame was founded in 1999 and 50 individuals have been honored for their impact on the state of Arkansas. Former inductees include Sam Walton, Don Tyson, Jerry Jones, Johnelle and J.B. Hunt, David Glass and Delbert Allen Sr.

“Don has been vital part of John Brown University for three decades,” said Dr. Chip Pollard, JBU president. “Our success in fulfilling our mission of Christ-centered education has been greatly enhanced by Don’s gracious service and leadership. We are proud that Don has been honored by the Arkansas Business Hall of Fame.”

Soderquist served on the JBU board of directors from 1982 until 2009, including serving as chairman from 1991 until 2002. He is currently an emeritus member of the board. In 1998, John Brown University created the Soderquist Center for Leadership and Ethics in his honor.

Prior to joining Walmart in 1980 as executive vice president, Soderquist was president and CEO of Ben Franklin Stores. At Walmart, he served in several executive positions, and in 1988, was promoted to vice chairman and chief operating officer. He became known as the “Keeper of the Culture” after Sam Walton’s death in 1992. Soderquist has published two books, “The Wal-Mart Way,” based on the principles he felt lead to Walmart’s amazing growth, and “Live, Learn, Lead—To Make a Difference.”

In addition to JBU, Soderquist has served on the board of directors for Arvest Bank, Northwest Arkansas Community Foundation, Salvation Army, Center for Relationship Enrichment, Map International, Servicemaster Inc., International Mass Retail Association, Children’s Miracle Network and Steward’s Ministries. He holds a Bachelor of Arts in Business Administration from Wheaton College, in Wheaton, Ill.

Other inductees selected for 2011 include L. Dickson Flake, co-founder, chairman and former managing partner, Colliers International, Wallace W. Fowler, CEO and chairman, Liberty Bank of Arkansas, and CEO and chairman, Fowler Foods Inc., and Leland E. Tollett, former chairman and CEO and again last year, interim president and CEO, Tyson Foods Inc.

Located on the campus of John Brown University in Siloam Springs, Ark., The Soderquist Center offers a values-based approach to leadership, organizational, and team development. For more information visit www.soderquist.org.

John Brown University is a private Christian university, ranked second among Southern regional colleges by U.S. News & World Report and is listed as one of America’s Best Colleges by Forbes. JBU enrolls more than 2,100 students from 39 states and 45 countries. A member of the Council for Christian Colleges and Universities, JBU is accredited by the Higher Learning Commission of the North Central Association of Colleges and Schools.

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