Walmart names John Furner as new president and CEO

Core Insights - Walmart has appointed John Furner as the new president and CEO, effective February 1, 2026, succeeding Doug McMillon, who has led the company since 2014 [1][2] - Furner has been with Walmart since 1993 and has held various leadership roles, including president and CEO of Walmart US since 2019 [2][3] - The company is focusing on innovation and AI to enhance customer service and operational efficiency [2][5] Leadership Transition - Doug McMillon will step down on January 31, 2026, and will remain on the board as an adviser until June 2026 [1] - Furner has joined the board of directors immediately [1] - Walmart will announce Furner's successor as CEO of Walmart US before the end of FY2026 [3] Company Overview - Walmart operates over 10,750 stores and e-commerce sites across 19 countries, with a revenue of $681 billion for FY2025 and a workforce of 2.1 million [4] - The company is implementing AI-powered features in its mobile app to improve the shopping experience ahead of the 2025 holiday season [5]