Doug McMillon to Retire as Walmart CEO in 2026; John Furner Tapped as Successor in AI-Focused Transition
Walmart said CEO Doug McMillon will retire January 31, 2026, with John Furner, current head of Walmart U.S., set to take over February 1. Furner joins the board immediately. McMillon will remain as advisor and board member through the 2027 fiscal year. Walmart shares fell about 2% in pre-market trading after the news.