Walmart CEO Doug McMillon Announces His Departure

John Furner to Assume the Helm on February 1

The retail giant Walmart confirmed that Doug McMillon will step down as chief executive officer later this year. After a decade at the company’s top post, McMillon will hand over the reins to the current head of Walmart’s U.S. operations, John Furner.

Furner, who has overseen the nation’s largest segment of Walmart’s business, is set to become CEO on February 1. The transition is being positioned as a seamless shift, with McMillon remaining on the board to support the new leadership.

Analysts note that the change comes as Walmart continues to navigate a competitive retail landscape, emphasizing e‑commerce growth, supply‑chain innovation, and sustainability initiatives. Both executives have emphasized a commitment to “deliver value for customers, shareholders, and associates” as they move forward.