Doug McMillon, the CEO of Walmart, will retire in January 2026, being succeeded by John Furner, the current head of operations in the USA.

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.