Walmart Veteran John Furner to Become President and CEO Upon Doug McMillon's Retirement

Core Viewpoint - Walmart President and CEO Doug McMillon will retire on January 31, 2026, and will be succeeded by Walmart U.S. CEO John Furner, marking a significant leadership transition for the company [1][2]. Leadership Transition - McMillon will remain on the board of directors until the June 2026 annual shareholders' meeting and will serve as an adviser to Furner until January 31, 2027 [2]. - Furner will continue as CEO of Walmart U.S. until January 31, 2026, with plans to appoint his successor before the end of fiscal year 2026 [3]. John Furner's Background - Furner has been with Walmart since 1993, starting as an hourly associate, and has held various leadership roles, including president and CEO of Sam's Club from January 2017 to October 2019 [4]. - He was appointed president and CEO of Walmart U.S. in November 2019, and has been recognized for his effective leadership and embrace of technology [5]. Company Leadership Comments - Greg Penner, chairman of Walmart Inc., praised Furner for his comprehensive understanding of the business and his leadership during a time of rapid change, emphasizing his role in guiding Walmart's growth and transformation [5]. - Penner also expressed gratitude to McMillon for his extraordinary leadership and impact on the company, highlighting the transformation he led over more than a decade [6][7].