Walmart President and CEO Doug McMillon will retire Jan. 31, 2026, and he will probably be succeeded by Walmart U.S. CEO John Furner, the corporate mentioned in a Friday (Nov. 14) press launch.
McMillon will stay on the board of administrators till the June 2026 annual shareholders’ assembly and can function an adviser to Furner by way of Jan. 31, 2027, the top of the corporate’s fiscal 12 months 2027, in line with the discharge and a submitting with the Securities and Trade Fee.
Furner was elected to the board of administrators, efficient instantly, the discharge mentioned.
He’ll proceed in his present function as CEO of Walmart U.S. till Jan. 31, 2026, and Walmart plans to nominate his successor earlier than the top of fiscal 12 months 2026, per the discharge and the submitting.
Furner has served as president and CEO of Walmart U.S. since November 2019, in line with his LinkedIn profile. He joined the corporate as an hourly affiliate in 1993, in line with the discharge. After that, Furner held a number of management roles on the firm’s membership warehouse membership, Sam’s Membership; served as senior vice chairman, chief merchandising officer and chief advertising and marketing officer at Walmart China; and served as president and CEO of Sam’s Membership from January 2017 to October 2019, per his LinkedIn profile.
When Furner was named president and CEO of Walmart U.S., McMillon mentioned Furner had carried out “a improbable job” at Sam’s Membership and “embraces expertise and new methods of working.”
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Greg Penner, chairman of Walmart Inc., mentioned within the Friday press launch that Furner has served in management roles throughout the corporate’s three working segments, understands each dimension of its enterprise and is “the proper chief to information Walmart into our subsequent chapter of development and transformation.”
“John’s six-year management of our Walmart U.S. enterprise throughout a time of speedy change, marked by digital acceleration and robust affiliate engagement, has positioned us for continued success,” Penner mentioned.
Penner thanked McMillon on behalf of the board for “his extraordinary management and unimaginable affect he has had on our firm.”
McMillon joined Walmart as an hourly affiliate in 1984 and later served in senior management roles throughout every of the corporate’s enterprise segments, in line with his LinkedIn profile. He has served as president and CEO of Walmart since February 2014.
“Over greater than a decade as CEO, Doug led a complete transformation by investing in our associates, advancing our digital and eCommerce capabilities, and modernizing our provide chain, leading to sustained, sturdy monetary efficiency,” Penner mentioned within the launch. “He leaves Walmart stronger, extra modern and higher aligned with our objective to assist individuals get monetary savings and dwell higher.”
