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Walmart CEO Doug McMillon to retire, insider John Furner named top boss

Doug McMillon retires after 11 years as CEO with Walmart's shares up nearly 300%; John Furner, leading U.S. operations, takes over to drive growth and AI transformation.

  • Walmart CEO Doug McMillon is retiring early next year and will be succeeded by John Furner, the Walmart U.S. CEO, on Feb. 1.
  • Furner, 51, has been the CEO of Walmart's U.S. business since 2019, overseeing more than 4,600 stores and the largest sector of the company.
  • McMillon's retirement is effective Jan. 31, 2026, and Furner will start as CEO the next day.
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Business Wire broke the news in Crystal River, United States on Thursday, November 13, 2025.
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