Walmart CEO Doug McMillon will step down on January 31, 2026, after nearly 12 years leading the company.

McMillon will remain on Walmart’s board until the next annual shareholders meeting before retiring.

The big picture: John Furner, current president and CEO of Walmart’s U.S. division, will become the new CEO starting February 2026. • Furner has spent his entire career at Walmart, starting as an hourly employee, and is an Arkansas native with family ties to the company. • At 51, Furner will oversee Walmart’s massive U.S. workforce and guide the retailer through challenges including artificial intelligence adoption, global supply chain tariffs, and a national affordability crisis.

Driving the news: Under Furner’s leadership since 2019, Walmart’s U.S. stores have shown consistent gr

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