Walmart reshuffles executive team ahead of Furner's takeover as global CEO

Core Viewpoint - Walmart is undergoing significant executive changes as John Furner prepares to take over as CEO on February 1, aiming to sustain the company's growth momentum and leadership position in the retail industry [2][6]. Leadership Changes - John Furner will replace Doug McMillon as CEO, with all leadership changes effective February 1 [2][6]. - David Guggina has been promoted to CEO of Walmart U.S., taking over from Furner; Guggina has nearly eight years of experience at Walmart, including roles in supply chain operations [3][4]. - Chris Nicholas has been appointed CEO of Walmart International, overseeing a division that generates $100 billion in revenue; he previously led Sam's Club [5][10]. - Seth Dallaire will expand his role as chief growth officer of Walmart Inc., moving from his current position as chief growth officer for Walmart U.S. [5][10]. Financial Context - Furner's annual base salary is set at $1.5 million, with a one-time stock award of $10 million and eligibility for an annual equity award of approximately $17 million in fiscal 2027 [6][10]. - Walmart is navigating challenges such as domestic inflation and trade policy impacts, particularly affecting lower-income households [7][10]. Performance Metrics - Despite economic challenges, Walmart has reported nearly a decade of quarterly revenue growth, with shares reaching a record high recently [8][10]. - The company's stock gained 21% in 2025, significantly outperforming the S&P 500 Consumer Staples index, which rose by only 1.3% [8][10].