Walmart CEO Doug McMillon to Retire in January

Doug McMillon’s Retirement Announcement

Walmart CEO Doug McMillon has announced his retirement, effective January 31, 2026, marking the end of his decade-long leadership. McMillon, who has been instrumental in transforming Walmart into a tech-driven retail leader, will remain on the company’s board until June to ensure a smooth transition of leadership. His tenure is noted for significant investments in workforce development, including wage increases, expanded parental leave, and educational initiatives for employees. Under McMillon’s leadership, Walmart also embraced advancements in technology, such as artificial intelligence, to enhance both customer and employee experiences.

John Furner’s Appointment as CEO

John Furner, a seasoned Walmart executive with a 30-year career at the retailer, will take over as CEO on February 1, 2026. Currently serving as the CEO of Walmart U.S., Furner has overseen operations for the company’s largest segment, which includes 4,600 stores across the country. Starting his Walmart journey as an hourly associate in 1993, Furner has held various leadership roles in merchandising, operations, and sourcing. His appointment underscores Walmart’s commitment to promoting from within and leveraging experienced leaders to guide its next phase of growth.