Fri Nov 14 13:00:00 UTC 2025: Okay, here’s a summary of the provided text and a rewritten version as a news article:
Summary:
Walmart has announced that John Furner, currently President and CEO of Walmart U.S., will succeed Doug McMillon as President and CEO of Walmart Inc. effective February 1, 2026. McMillon will retire but remain on the Board of Directors temporarily to aid the transition. The announcement emphasizes Furner’s extensive experience within Walmart, his success in leading Walmart U.S., and his capability to guide the company through a future focused on AI and innovation. McMillon is praised for his decade of leadership and transformational work within the company.
News Article:
Walmart Names John Furner as Next CEO, Doug McMillon to Retire
BENTONVILLE, Ark. – November 14, 2025 – Walmart Inc. (NYSE: WMT) announced today that John Furner, 51, will take the helm as President and Chief Executive Officer, succeeding Doug McMillon, 59. The transition will be effective February 1, 2026. Furner, who currently serves as President and CEO of Walmart U.S., has also been elected to the company’s Board of Directors immediately.
McMillon will retire on January 31, 2026, but will remain on the Board until the next annual shareholders’ meeting to ensure a smooth handover.
“John Furner is the right leader to guide Walmart into our next chapter,” said Greg Penner, Chairman of Walmart Inc. He highlighted Furner’s 30 years of experience across various Walmart divisions, stating, “He understands every dimension of our business… He has proven that he can deliver results while living our values.” Penner also expressed gratitude to McMillon for his “extraordinary leadership” and the comprehensive transformation he oversaw, including investments in associates, advancements in digital and eCommerce, and supply chain modernization.
McMillon praised Furner, saying, “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.”
Furner, a Walmart veteran who started as an hourly associate in 1993, stated he was “deeply honored” by the appointment. “As we enter a new retail era fueled by innovation and AI, our purpose and our people will continue to guide us.”
During his tenure as President and CEO of Walmart U.S. since 2019, Furner has been credited with driving digital innovation and fostering strong associate engagement. He previously served as President and CEO of Sam’s Club U.S.
The company plans to announce Furner’s successor as CEO of Walmart U.S. before the end of fiscal year 2026. McMillon will also continue to advise Furner through FY2027.
Walmart Inc. is a people-led, tech-powered omnichannel retailer helping people save money and live better. Each week, approximately 270 million customers and members visit more than 10,750 stores and numerous eCommerce websites in 19 countries. With fiscal year 2025 revenue of $681 billion, Walmart employs approximately 2.1 million associates worldwide.
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