Wall Street analysts view Walmart Inc (NYSE:WMT, ETR:WMT)'s upcoming CEO transition as a move that preserves strategic continuity while positioning the company for growth, rather than a disruption. The company announced on Friday that John Furner, currently President and CEO of Walmart US, will succeed Doug McMillon as President and CEO of Walmart, starting on February 1 next year.
John Furner will become the retail giant's fifth CEO since founder Sam Walton.
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Walmart Inc (NYSE:WMT, ETR:WMT) shares slipped 2.5% in early trading on Friday after the retail giant disclosed that its CEO Doug McMillon is retiring early in 2026 after leading the company for nearly 12 years. McMillon will be succeeded by John Furner, who is currently the CEO of Walmart US, on February 1, 2026.
Walmart President and CEO Doug McMillon will retire Jan. 31, 2026, and he will be succeeded by Walmart U.S. CEO John Furner, the company said in a Friday (Nov. 14) press release.
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John Furner, 51 – a longtime employee who rose through the ranks after starting as a store associate in 1993 – will succeed him as president and chief executive on Feb. 1, 2026, Walmart said in a statement.
Walmart announced Friday that CEO Doug McMillon plans to retire in 2026 after leading the retail giant for more than a decade. He will be succeeded by Walmart U.S. CEO John Furner.
Longtime Walmart CEO Doug McMillon is retiring, and being replaced by CEO of Walmart's U.S. business, John Furner.
Walmart's head of its US division, John Furner, is set to take over as CEO when Doug McMillon retires next year, the company said on Friday. This story is developing.
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CNBC's Becky Quick reports on the latest news from Walmart.