Furner started at Walmart in 1993, and currently oversees the most important segment of the company's business.
Walmart Inc. (WMT) CEO Doug McMillon will retire at the end of January after nearly 12 years leading the nation's largest retailer, according to a company filing released Friday. John Furner, currently Walmart's U.S. CEO, will take over as head of the company on February 1, according to the filing.
Here are some of the major companies whose stocks moved on the week's news.
Walmart (WMT) CEO Doug McMillon announced his plans to retire at the end of January 2026, to be succeeded in his chief executive role by Walmart US CEO John Furner. R5 Capital Founder and CEO Scott Mushkin speaks with Market Domination host Myles Udland about the most pivotal choices incoming CEO John Furner will have to make in his first year.
Walmart's stock has more than quadrupled since outgoing CEO Doug McMillon began in the role in February 2014. Among Walmart's main retail and grocery rivals, only Amazon and Costco have had better stock returns during that same timeframe.
Corey Tarlowe, Jefferies analyst, joins 'Power Lunch' to discuss the executive shakeup at Walmart, the company's same-store sales growth and much more.
There's a new sheriff in Bentonville.
Walmart CEO Doug McMillon is retiring after more than a decade of guiding the company's evolution—and watching its stock quadruple.
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.