McMillon to Retire as Walmart CEO in January, Furner to Step in

Key Takeaways Walmart says McMillon will retire in 2026 and John Furner will take over as CEO in February.The company notes the transition was long planned, with McMillon advising through fiscal 2027.Shares fell in premarket trading before stabilizing as investors viewed Furner's promotion as steady.On Friday, Nov. 14, Walmart Inc. (WMT) announced that its long-serving CEO, Doug McMillon, will retire effective Jan. 31, 2026. The board has appointed John Furner, currently head of Walmart U.S., to assume the ...