Walmart CEO Doug McMillon to retire
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Walmart CEO Doug McMillon has been with the world’s largest retailer for decades, helping it keep its top spot on the Fortune 500. He got his start working at one of the company’s warehouses and moved his way up the corporate ladder,
Walmart announced Friday that longtime CEO Doug McMillon will step down after more than ten years leading the nation’s largest retailer. John Furner, the current head of Walmart U.S., will take over after the company’s fiscal year ends on February 1.
Walmart’s run as America’s largest retailer appeared to be in jeopardy when Doug McMillon became Walmart’s chief executive 11 years ago.
Walmart shareholders have experienced an average annual return of 14.53% during the past 12 years of CEO Doug McMillon’s tenure. There have been ups and downs, but the total