Doug McMillon To Retire From Walmart In January, John Furner To Succeed As CEO

• Walmart said that Furner began his career at the retailer as an hourly associate in 1993 and has also served as the President and CEO of Sam’s Club U.S.
• The company plans to announce Furner’s successor as CEO of Walmart U.S. before the end of the fiscal year 2026. 
• McMillon will also stay on as an advisor to Furner through the fiscal year 2027. 

Walmart Inc. (WMT) said on Friday that its CEO Doug McMillon will retire from the company in January after over a decade of leading the retailer, overseeing its transition into a more tech-powered omnichannel retailer, and automating several of its stores.

McMillon will be succeeded by the retailer’s U.S. unit CEO, John Furner, effective February 1, 2026. Furner, who has served as President and CEO of Walmart U.S. since 2019, has led the company’s largest operating segment, comprising more than 4,600 stores.

Furner was also elected to the company’s board, effective immediately. Meanwhile, McMillon, who took the helm in 2014, will remain on the board until the next annual shareholders’ meeting and help ensure a smooth transition.

Furner’s Time At Walmart

Walmart said that Furner began his career at the retailer as an hourly associate in 1993 and has held leadership roles across merchandising, operations and sourcing. He has also served as the President and CEO of Sam’s Club U.S.

The company plans to announce Furner’s successor as CEO of Walmart U.S. before the end of the fiscal year 2026. McMillon will also stay on as an advisor to Furner through fiscal year 2027. 

What Is Retail Thinking?

Retail sentiment on Walmart remained unchanged in the ‘bearish’ territory, with message volumes at ‘low’ levels, according to data from Stocktwits. Shares of Walmart were down nearly 3% at $99.70 in premarket trading.

A user on Stocktwits noted that the retailer will report “great” earnings next week, and the stock should rebound to $110.

The retailer is set to report third-quarter results on November 20. Shares of Walmart have gained 13.5% this year and jumped nearly 22% in the last 12 months. 

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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