Walmart CEO Doug McMillon to retire Jan. 31, longtime exec John Furner named next CEO

Core Insights - Walmart's CEO Doug McMillon will retire on January 31, 2026, after over 10 years in leadership, with John Furner set to succeed him [1][5] - Under McMillon's leadership, Walmart transformed from a traditional retailer to a hybrid player in both physical and digital markets [2] - Walmart's market capitalization increased from approximately $250 billion to over $800 billion during McMillon's tenure [3] - Following the announcement of McMillon's retirement, Walmart's stock fell by more than 2% [4] Leadership Transition - John Furner, who has been with Walmart for 30 years and served as CEO of Walmart US since 2019, is viewed as the right leader for the company's next growth phase [5] - Furner has a diverse background, having started as an hourly store associate and held various roles, including CEO of Sam's Club and a senior executive in Walmart's China operations [5] - Furner emphasized the importance of innovation and AI in guiding the company forward, focusing on customer service, associate support, and community strengthening [6] Market Environment - Walmart is navigating a challenging consumer environment characterized by rising prices and selective spending habits [7] - The company is expected to report its quarterly results on November 20 [8]