Walmart CEO Doug McMillon to retire
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Walmart said on Friday that CEO Doug McMillon would retire next year and that insider John Furner would succeed him as the retailer's top boss. Shares of the company fell about 3% in premarket trading.
Walmart said Doug McMillon will be replaced on Feb. 1, 2026, by John Furner, head of Walmart's U.S. operations.
Walmart’s CEO for just over a decade, is retiring next year, the retailer announced Friday. McMillon will be succeeded by John Furner on February 1, 2026. Furner is currently the CEO and president of Walmart’s US operations,