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Walmart Inc. recently announced its board of directors has elected John Furner to succeed Doug McMillon as president and chief executive officer of the company, effective Feb. 1, 2026.
“Serving as Walmart’s CEO has been a great honor and I’m thankful to our Board and the Walton family for the opportunity,” says McMillon. “I’m incredibly proud of what our associates accomplished and deeply grateful for their commitment to our customers, to each other and to the communities we serve. Thank you, everyone! I’ve worked with John for more than 20 years. His love for our associates and this company runs deep. His curiosity and digital acumen, combined with a deep commitment to our people and culture, will enable him to take us to the next level. He’s uniquely capable of leading the company through this next AI-driven transformation. He’s a merchant, an operator, an innovator and a builder. I know that our future is bright with his leadership.”
McMillon will retire on Jan. 31, 2026, but will stay on the board until June, in addition to staying as an advisor to Furner.
“I am deeply honored by the trust the Board and family have placed in me to lead Walmart, a company that has shaped my life and so many others,” Furner says. “I’m grateful to Doug for his leadership and mentorship and the foundation that is built for our future. As we enter a new retail era fueled by innovation and AI, our purpose and our people will continue to guide us. Together, we’ll find new ways to serve customers, support our associates and strengthen the communities we call home.”
