Fri, 14 Nov 2025

Fri, 14 Nov 2025 Walmart boss retiring after more than a decade

Doug McMillon is handing over the reins of America's largest retailer to John Furner.

* Doug McMillon, CEO of Walmart, will retire as chief executive in January after more than 10 years at the helm.
* He will be succeeded by John Furner, who has been serving as head of Walmart's US business since 2019.
* Under McMillon's leadership, Walmart expanded its online operations and scaled back international units, resulting in solid growth despite challenges from new tariffs and slowing consumer spending.
* The company reported $680 billion in revenue last year and has a global footprint with over 10,000 stores in 19 countries.
* Analysts praise McMillon for transforming the business through investments in digital capabilities and supply chain modernization.
* Furner is seen as a natural successor due to his experience leading Walmart's US business and navigating challenges such as pandemic-related disruptions and price increases.
* Shares in Walmart fell briefly after the announcement, but later recovered some ground.
* McMillon will remain an adviser to Furner and serve on the company's board until June 2026.
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