Walmart Inc. (NYSE: WMT), the world’s largest retailer with over 10,750 stores and clubs across 19 countries, announced the appointment of John Furner to succeed Doug McMillon as president and CEO, effective Feb. 1, 2026.
Furner, who was also elected to the company’s board of directors, served as president and CEO of Walmart US since 2019. He began his Walmart career as an hourly associate in 1993 and has held multiple leadership roles, including president and CEO of Sam’s Club US.
McMillon, who held the leadership position at the company since February 2014, will retire on Jan. 31, 2026, but will remain on the board of directors until the next annual shareholders’ meeting and will serve as an advisor to Furner through Fiscal Year 2027. The company plans to make an announcement on Furner’s successor as CEO of Walmart US before the end of FY2026.
“John Furner is the right leader to guide Walmart into our next chapter of growth and transformation,” said Greg Penner, chairman of Walmart Inc. “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.”
Penner added, “On behalf of the board, I want to thank Doug McMillon for his extraordinary leadership and 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 modernizing 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.”
Photo: John Furner (left) and Doug McMillon
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