Walmart CEO Doug McMillon Resigns

Doug McMillon, the long-serving CEO of Walmart, is set to retire next year. The announcement came on a recent Friday, revealing that McMillon would be succeeded by John Furner on February 1, 2026.

Leadership Transition at Walmart

John Furner, who currently serves as the CEO and president of Walmart’s U.S. operations, will take over the top position. Both executives have extensive histories with Walmart, having held various leadership roles for decades.

Turbulent Times for Retailers

McMillon’s departure coincides with challenging conditions for the retail industry. Rising tariffs and declining consumer sentiment have impacted many businesses. However, under McMillon’s leadership, Walmart has managed to navigate these challenges more effectively than its competitors.

• Supply-Chain Strength: Walmart’s logistics have enabled low prices on essential items, attracting a diverse customer base.
• Customer Growth: The retailer reported its fastest-growing segment includes households with incomes exceeding $100,000.
• Ecommerce Expansion: McMillon guided Walmart’s emergence as a key player in online retail, challenging Amazon directly.

Achievements Under Doug McMillon

Since McMillon took over as CEO in 2014, Walmart’s stock value has increased by an impressive 300%. He has been instrumental in the company’s transformation, focusing on:

• Investing in employee development.
• Enhancing digital and eCommerce capabilities.
• Modernizing the supply chain.

Greg Penner, Chairman of Walmart Inc., praised McMillon’s unique qualifications for leading the company during a crucial period.

Looking Ahead: John Furner’s Role

Furner, who has been leading Walmart’s U.S. operations since 2019, began his career as an hourly associate in 1993. His experience also includes roles at Sam’s Club and Walmart China. The company recognizes his contributions to:

• Associate development.
• Digital innovation.
• Operational excellence.

Walmart announced that McMillon will remain on the company’s board until June and will act as an advisor to Furner throughout fiscal year 2027. A further announcement regarding the U.S. CEO replacement will be made soon, as this situation continues to develop.