Walmart CEO Doug McMillon to retire at 59 years old

5 months ago 21

Want Your Business Featured Here?

Get instant exposure to our readers

Doug McMillon

Walmart Inc. President and CEO Doug McMillon delivers a keynote address during CES 2024 at The Venetian Resort Las Vegas on January 9, 2024 in Las Vegas, Nevada. CES, the world's largest annual consumer technology trade show, runs through January 12 and features about 4,000 exhibitors showing off their latest products and services to more than 130,000 attendees. (Photo by

Ethan Miller/Getty Images

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.

[This is a breaking news story and will be updated.]

Read Entire Article