"I've never had a blank calendar, and I've now seen what one looks like in a few months, and it's kind of exciting,"
"About a year ago, I really started feeling this next run, you could see what agentic commerce was going to look like, the vision for AI shopping. And I started thinking about everything that needs to happen over the next few years, and it really caused me to think that now was the right time."
"When you see somebody who is ready to run the next lap better and faster than you, it is time to hand the baton and get out of the way and just cheerlead,"
Doug McMillon began as an hourly warehouse worker and rose through Walmart over 30 years to become CEO, leading the $918 billion retailer for the past decade. He will retire and take a few months off, describing the prospect of an empty calendar as exciting. McMillon expects to pursue a combination of business and philanthropic activities after the break. He cited advances in AI and the emergence of agentic commerce and AI-driven shopping as factors influencing his timing. John Furner, a 30-year Walmart veteran, will assume the CEO role in the new year.
Read at Fortune
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