Walmart(US:WMT) Yahoo Finance·2026-02-01 16:24Core Insights - John Furner has been appointed as the new CEO of Walmart, succeeding Doug McMillon, who retired after a decade in leadership [1][4] - Furner has extensive experience within Walmart, having started as an hourly employee and worked his way up through various roles [2][3] - The company is counting on Furner to lead its 2.1 million employees and nearly 11,000 stores across 19 countries [2] Leadership Background - Furner began his career at Walmart in Bentonville, Arkansas, and has held positions from store manager to CEO of Sam's Club [2][3] - He has a strong understanding of Walmart's operations, having worked closely with McMillon for 20 years [4][5] - His leadership style is characterized by a deep commitment to the company and its employees [5] Employee Investment - Under Furner's leadership, Walmart has restructured pay for store managers, offering high-performing managers annual compensation packages between $420,000 and $620,000 [6] - The base salary for workers has been increased to between $130,000 and $160,000, significantly above the median U.S. salary [7] - A bonus program has been reinstated for store employees, allowing some to earn up to $1,000 annually based on service [7]