US retail chain Walmart has announced the scheduled departure of its current president and chief executive officer, Doug McMillon. The executive, who took up the helm of the company in 2014, will retire effective January 31, 2026.<\/p>\n
John Furner has been named as McMillon\u2019s successor. Furner has also been elected to the board of directors, a position he will take up immediately. McMillon will remain on the board until the next annual shareholder meeting in June 2026 and will stay on as an advisor to Furner through FY27.<\/p>\n
McMillon first joined Walmart in 1984, moving up the ranks in roles of increasing responsibility, eventually leading all of Walmart\u2019s divisions: US, international and Sam\u2019s Club.<\/p>\n
His career trajectory mirrors that of his successor, Furner, who has been serving as president and CEO of Walmart US since 2019. Prior to this, Furner, another veteran of the company, where he has been since 1993, was president and CEO of Sam\u2019s Club US. Furner\u2019s own successor at Walmart US will be announced before the end of FY26.<\/p>\n
In a statement, Greg Penner, chairman of Walmart Inc., called Furner \u201cthe right leader to guide Walmart into our next chapter of growth and transformation\u201d. His over 30 years of experience with the company allows him to understand every dimension of the business, Penner added, while his six-year leadership of Walmart US \u201cduring a time of rapid change\u201d, \u201chas positioned us for continued success\u201d.<\/p>\n
Penner went on to thank McMillon for his leadership and impact on the company. \u201cOver more than a decade as CEO, Doug led a comprehensive transformation by investing in our associates, advancing our digital and e-commerce capabilities, and modernising our supply chain, resulting in sustained, robust financial performance,\u201d he continued.<\/p>\n
In his own statement, Furner added: \u201cAs we enter a new retail era fueled by innovation and AI, our purpose and our people will continue to guide us. Together, we\u2019ll find new ways to serve customers, support our associates, and strengthen the communities we call home.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"US retail chain Walmart has announced the scheduled departure of its current president and chief executive officer, Doug…\n","protected":false},"author":2,"featured_media":570103,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5311],"tags":[49,978,659],"class_list":{"0":"post-570102","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-united-states","8":"tag-united-states","9":"tag-us","10":"tag-usa"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/570102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=570102"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/570102\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/570103"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=570102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=570102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=570102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}