Doug McMillon, the CEO of Walmart, will retire in January 2026, being succeeded by John Furner, the current head of operations in the USA.
Radu Burcă
International
Credit: Charlie Riedel / AP / Profimedia
Always see our news on Google
Walmart is preparing for a major change, as CEO Doug McMillon has announced that he will retire on January 31, 2026, after transforming the retailer into the largest in the U.S., integrating technology into operations. John Furner, who has led U.S. operations, will take over as CEO starting February 1, 2026. During his tenure, McMillon invested in employees, raised wages, and expanded parental leave, while adopting technology, including artificial intelligence, to enhance the experience of customers and employees. Walmart's shares fell by about 3% after the announcement. Furner, who started as an associate in 1993, has extensive experience in the company and will benefit from McMillon's guidance until June 2027.
Sources
Latest News
22:57
Women's basketball: Romania defeated Lithuania and promoted to Division A of the U18 European Championship
22:30
The Minister of Finance, Alexandru Nazare, announces after the evaluations by Fitch and Moody's: "economic risks remain high"
21:45
A new attempt at mass migration in Ceuta and Melilla was prepared on social networks for August 15
21:16
A car got stuck between the barriers at the railway crossing on Petricani Road, while a train was approaching.
20:36
Turkey imposes restrictions on commercial vessels heading to the Black Sea due to the intensification of Russian and Ukrainian attacks.
See more news
NEWS ON THE SAME TOPICS
Economy
Tim Cook announces inevitable price increases for Apple products due to the memory chip crisis.
International
Inter IKEA will lay off 850 employees as part of a cost-cutting plan and transition to smaller stores.
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
