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Walmart CEO Doug McMillon is retiring early next year, after overseeing the top U.S. retailer's transformation into an e-commerce behemoth, the company said Friday in a filing.

The longtime CEO will be succeeded by John Furner, the Walmart U.S. CEO, on Feb. 1, according to the filing.

McMillon, who stepped into the top role at Walmart in February 2014, will officially retire as of Jan. 31. He will continue to serve as an executive officer of the company and be employed by Walmart as an advisor through Jan. 31, 2027.

Furner, 51, has been the CEO of Walmart's U.S. business since 2019. In that role, he oversees more than 4,600 stores and the largest sector of the company. He started at the company in 1993 as

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