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
23:03
Putin, Trump, and Xi could meet at a tripartite summit organized in Shenzhen, on the sidelines of the APEC meeting.
22:56
Kiev is preparing for new Russian attacks. Authorities are asking residents to stock up on water and food.
22:50
Radu Miruță, after the meeting of the EU Defense Ministers: "Romania has shown that it does not ask for support before demonstrating that it can handle its tasks on its own."
22:44
A shepherd from Vaslui County discovered a drone that had fallen with an explosive payload in the Viișoara commune. The authorities were notified only after 30 minutes.
22:44
The Queen of Norway, hospitalized. Mette-Marit was absent from the oath-taking by King Haakon.
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
The CEO who laid off 900 employees before Christmas is outraged that he has now been fired in turn.
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
