Walmart names next chief executive as McMillon prepares to stand down

John Furner, at present chief executive of Walmart’s core US business,  will take the reins at Walmart Inc at the start of February 2026.

McMillon has led Walmart since 2014 and is credited with transforming the retailer with landmark initiatives such as the transition to omnichannel,  increased focus on people, including higher pay, and technological moves such as seizing AI opportunities. He will remain on the board of directors until the next annual Walmart shareholders’ meeting and as an adviser to Furner until the start of 2027.

Walmart chair Greg Penner said: ”John Furner is the right leader to guide Walmart into our next chapter of growth and transformation. 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 US business during a time of rapid change, marked by digital acceleration and strong associate engagement, has positioned us for continued success.

“On behalf of the board, I want to thank Doug McMillon for his extraordinary leadership and the incredible impact he has had on our company. Our family and board have stated many times that Doug was uniquely qualified to be CEO at the necessary time for Walmart.

“Over more than a decade as CEO, Doug led a comprehensive transformation by investing in our associates, advancing our digital and ecommerce capabilities, and modernising our supply chain, resulting in sustained, robust financial performance. He leaves Walmart stronger, more innovative, and better aligned with our purpose to help people save money and live better.”

Furner said: “I am deeply honored by the trust the board and family have placed in me to lead Walmart, a company that has shaped my life and so many others. I’m grateful to Doug for his leadership and mentorship, and the foundation that has been built for our future.

“As we enter a new retail era fueled by innovation and AI, our purpose and our people will continue to guide us. Together, we’ll find new ways to serve customers, support our associates, and strengthen the communities we call home.”