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Walmart chief Doug McMillon ends 11-year reign at world’s largest retailer

Walmart has announced that chief executive Doug McMillon is retiring and will be replaced by John Furner, the head of the group’s U.S. division, on February 1st. Mr. McMillon will continue to serve as a director on the board until the June 2026 annual meeting and would continue to be employed as an associate of the group until January 31st 2027. Mr. Furner has served as president and CEO of Walmart U.S. since 2019, overseeing the company’s largest operating segment and more than 4,600 stores. He began his Walmart career as an hourly associate in 1993 and has held leadership roles across merchandising, operations and sourcing.

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