FROM DAILY MAIL: Walmart’s CEO Doug McMillon is set to step down from his role next year.
The superstore said on Friday that McMillon will leave his position after more than a decade.
This will be a major leadership change for the nation’s largest retailer and private employer as it continues to navigate a complicated consumer environment.
Following the sudden announcement, Walmart shares were down 2.5 percent in premarket trading.
McMillon is set to retire as CEO on January 31, 2026. He will continue as a board member until June and serve in an advisory role through January 31, 2027.
The company has announced that John Furner, the current CEO of Walmart U.S., will assume the role of Walmart’s chief executive starting February 1, after the fiscal year concludes.
At 51 years old, Furner has been at the helm of Walmart U.S. since 2019, managing the retailer’s largest division, which includes over 4,600 stores.
His Walmart journey began in 1993 as an hourly associate, progressing through various leadership positions in merchandising, operations, and sourcing.
John Furner will become Walmart’s CEO on February 1, 2026, succeeding Doug McMillon who will retire January 31, 2026 but stay on the Board through June and as an advisor through January 31, 2027. https://t.co/JFoMW47gzF pic.twitter.com/6MY2yfWmNj
— Walmart News (@WalmartNews) November 14, 2025
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