"Walmart CEO Doug McMillon will retire effective January 31, 2026, the company announced in a Friday morning surprise, concluding a decade-long tenure that reshaped the retail giant's global strategy and digital presence. John Furner, currently head of Walmart's U.S. operations, will succeed McMillon as president and chief executive officer starting February 1, 2026. Furner was also elected to the company's Board of directors, effective immediately."
"McMillon will remain on the Board of Directors until the next annual shareholders' meeting, the company said, to help ensure a smooth transition."
Doug McMillon will retire as Walmart CEO effective January 31, 2026 after a decade that reshaped the company’s global strategy and digital presence. John Furner, currently head of U.S. operations, will succeed McMillon as president and chief executive officer starting February 1, 2026 and was elected to the company's board effective immediately. McMillon will remain on the Board of Directors until the next annual shareholders' meeting to help ensure a smooth transition. The announcement was released as breaking news and may be updated.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]