Walmart Ceo To Step Down In January

Walmart announced Friday that its longtime CEO Doug McMillon will discontinue at nan extremity of January — which came arsenic a astonishment to immoderate fixed nan company's occurrence successful a quickly evolving unit landscape.

John Furner, Walmart’s U.S. CEO, will presume nan domiciled of wide CEO connected Feb. 1, nan institution said. McMillon will proceed to service successful an executive and advisory domiciled done Jan. 2027.

McMillon, 59, has held nan apical occupation since 2014 and is only nan 5th personification to lead nan storied institution successful its 63-year history.

“Serving arsenic Walmart’s CEO has been a awesome grant and I’m thankful to our Board and nan Walton family for nan opportunity,” McMillon said successful a statement. “I’ve worked pinch John for much than 20 years. ... He’s uniquely tin of starring nan institution done this adjacent AI-driven transformation.”

America’s unit scenery continues to quickly germinate arsenic user spending shows expanding signs of bifurcating betwixt wealthier households and everyone else. However, Walmart’s results person held dependable — and has been justly rewarded by investors, who person sent its shares immoderate 13% higher successful 2025. Over nan people of McMillon’s tenure, its shares are up immoderate 300%.

On Walmart’s astir caller net call, successful August, McMillon indicated nan institution has been capable to withstand nan broader pressures facing consumers, noting its shoppers’ “behavior has been mostly consistent. We aren’t seeing melodramatic shifts.”