New York, January 16, 2026, 16:33 EST — After-hours.
- Walmart shares were up about 0.7% in after-hours trading after the retailer announced a slate of top leadership moves effective Feb. 1.
- Incoming CEO John Furner tapped internal candidates to run Walmart U.S., Walmart International and Sam’s Club, and expanded the remit of its growth chief.
- Investors now shift focus to the CEO handover on Feb. 1 and Walmart’s next earnings report on Feb. 19.
Walmart Inc shares rose in after-hours trading on Friday after the retailer announced leadership changes across its biggest units ahead of a CEO transition next month. The stock was up about 0.7% at $119.70, after trading between $116.93 and $120.42 during the session.
The reshuffle lands at an awkward time for anyone short on patience. Walmart is heading into a big reporting window for U.S. retailers, and investors are watching whether management can keep delivery, advertising and membership gains compounding without slipping on costs.
It also puts names on the next layer down from the CEO. For a company this size, the chain of command matters; so does who gets the growth levers, and who owns the day-to-day grind in stores.
Walmart said its board elected new leaders to its executive council, with the changes effective Feb. 1. David Guggina will become CEO of Walmart U.S.; Chris Nicholas will take over as CEO of Walmart International; and Latriece Watkins will become CEO of Sam’s Club U.S., the company said. (SEC)
Seth Dallaire, currently chief growth officer for Walmart U.S., will move into a broader enterprise role, overseeing areas that include Walmart Connect (its digital advertising business) and Walmart+ (its membership program), along with other platforms. “Even the best teams need the right structure to win,” Furner said in a statement. (SEC)
The company set the stage a day earlier, saying international chief Kathryn McLay would depart and remain in the job through Jan. 31, staying on through the first quarter to help the handover. “I’m grateful for the positive impact Kath has had on our people and our company throughout her decade of service,” current CEO Doug McMillon said, while McLay said she was “truly grateful” for her time at the company. (SEC)
An SEC filing showed Walmart lifted pay for the newly appointed leaders, including higher base salaries and bigger stock packages. Those awards include performance-based restricted stock units, which vest only if targets are met, and time-based restricted stock, the filing said. (SEC)
Another filing set out Furner’s compensation as he moves into the top job, including a $1.5 million base salary, a one-time equity award valued at about $10 million, and an annual equity award valued at about $17 million for fiscal 2027. (Walmart Inc.)
Still, a reorg is not a free trade. The promotions keep continuity, but they also shuffle responsibilities at a moment when investors expect steady execution — in e-commerce, in delivery speed, and in newer profit pools like ads and memberships. If costs flare or growth slows, the market can get jumpy fast.
Traders also face a long weekend. U.S. stock markets are closed on Monday for Martin Luther King Jr. Day, with the next regular session on Tuesday. (New York Stock Exchange)
The next hard catalyst is Walmart’s fiscal 2026 fourth-quarter earnings on Feb. 19, when the company is scheduled to post results and hold its investor call. That report will be the first big read on demand and margins heading into the CEO changeover. (Walmart Corporate News)
