Walmart CEO Doug McMillon to retire
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Walmart CEO Doug McMillon retires in 2026 after quadrupling market cap; John Furner named successor. Learn how leadership changes impact WMT shares.
Walmart's CEO Doug McMillon announced his resignation on Friday. He's part of a larger trend: retail CEO exits are up nearly 80% year-over-year.
When Doug McMillon became Walmart’s chief executive 11 years ago, its run as America’s largest retailer looked to be over.
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, first as a fishing-tackle buyer. He tells people to not take their jobs for granted.