"Walmart said CEO Doug McMillon, who has held the job since 2014, will retire in February. He will be replaced by the head of its US division, John Furner."
"Walmart's head of its US division, John Furner, is set to take over as CEO when Doug McMillon retires next year, the company said on Friday."
"This story is developing. Check back for updates."
Walmart CEO Doug McMillon will retire in February after holding the job since 2014. John Furner, who currently leads Walmart's U.S. division, will succeed McMillon as CEO. The leadership change is scheduled to take effect next year. The company announced the transition on Friday. McMillon has led the company since 2014, and Furner will move from overseeing U.S. operations to assuming overall chief executive responsibilities. Further operational details, timing of the internal transition process, and strategic implications were not specified in the announcement.
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