Walmart CEO Doug McMillon to Retire in January
Updated: 14 Nov 25
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Walmart CEO Doug McMillon will retire in January after a decade of leadership. John Furner, currently CEO of Walmart U.S., will succeed him starting February 1. McMillon, who transformed Walmart with a focus on e-commerce and technology, will remain on the board until the annual shareholders meeting in June to ensure a smooth transition. Furner, a Walmart veteran since 1993, brings extensive experience in operations and leadership to his new role.
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.
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John R. Smitmithson
With over 15 years of experience in global financial markets, John R. Smitmithson holds a Master’s degree in Finance from the London School of Economics. A former investment strategist at Goldman Sachs, he specializes in macroeconomic trends and equity analysis, contributing authoritative insights to Intellectia’s market overviews.