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business7h ago
Walmart CEO Doug McMillon to retire Jan. 31, longtime exec John Furner named next CEO
- Walmart says Doug McMillon will retire on January 31, 2026, ending a 10-year-plus run as CEO.
- John Furner will succeed McMillon as Walmart’s next chief executive and will join the board after the transition.
- Furner has led Walmart U.S. since 2019 and previously held senior roles, including with Walmart China.
- McMillon will stay on Walmart's board until the next annual shareholders’ meeting.
- The leadership change comes as Walmart faces competition and digital acceleration.
- Walmart highlighted Furner’s six-year leadership of Walmart U.S. and his prior roles.
- The announcement notes Furner’s background in Walmart China and other roles.
- Walmart plans to report quarterly results around the time of the leadership transition.
- Greg Penner, chairman, commented on Furner’s leadership during rapid change.
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