Doug McMillon is stepping down as Walmart’s president and CEO with the retailer’s U.S.chief, John Furner, set to succeed McMillon on February 1.
Furner (picture above left) has served as president and CEO of Walmart U.S. since 2019, overseeing the company’s largest operating segment and its more than 4,600 stores.
Walmart stated that, consistent with previous CEO transitions, McMillon (pictured above right) will remain on the company board after his January 31 retirement date and until June, and he will stay on as an advisor to Furner through the end of the company’s next fiscal year. Walmart intends to make an announcement about Furner’s successor as CEO of Walmart U.S. before the end of the current fiscal year, the company reported.
“John Furner is the right leader to guide Walmart into our next chapter of growth and transformation,” said Greg Penner, Walmart chairman. “After starting as an hourly associate and being with us for over 30 years in a variety of leadership roles across all three of our operating segments, John understands every dimension of our business from the sales floor to global strategy. He has proven that he can deliver results while living our values. John’s six-year leadership of our Walmart U.S. business during a time of rapid change, marked by digital acceleration and strong associate engagement, has positioned us for continued success.”
