Walmart CEO to retire in January

Core Points - Walmart CEO Doug McMillon will retire in January after over a decade of leadership, with John Furner set to succeed him on February 1 [1] - McMillon will remain on the board until the next annual shareholders meeting in June to facilitate a smooth transition [1] - Furner has a long history with Walmart, starting as an hourly associate in 1993 and becoming the CEO of Walmart U.S. in 2019 [3] Leadership Transition - McMillon expressed gratitude to the Board and the Walton family for the opportunity to serve as CEO [2] - McMillon highlighted Furner's capabilities in leading the company through an AI-driven transformation, describing him as a merchant, operator, innovator, and builder [2] Company Overview - Walmart is the largest private employer in the U.S., operating over 4,600 stores [3]