Walmart announced that longtime Chief Executive Doug McMillon will retire next year, ending more than a decade at the helm of the world’s largest retailer. The leadership transition will take effect on February 1, 2026, with John Furner, current head of Walmart U.S., set to step into the CEO role.
A Major Leadership Shift During a Volatile Retail Climate
McMillon’s departure arrives at a challenging time for global retailers. Shifting customer spending, tariff changes, and economic uncertainty have pressured margins across the sector. Despite this climate, Walmart has remained one of the strongest performers, driven by its massive grocery presence, operational efficiency, and continued appeal to both budget-conscious and high-income shoppers.
The company reported strong growth among households earning over $100,000, signaling Walmart’s expanding reach beyond its traditional customer base.
McMillon’s Legacy: Digital Expansion, Supply Chain Power & Corporate Reform
During his tenure, McMillon reshaped Walmart into a modern, omnichannel giant capable of competing head-to-head with Amazon.
Key achievements include:
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Rapid expansion of e-commerce operations
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Growth of the Walmart+ membership program, now a meaningful competitor to Amazon Prime
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Strengthening Walmart’s supply chain, keeping prices low even amid inflation
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Increased market share in groceries and essentials
McMillon also spearheaded several high-profile policy shifts, such as reducing sales of certain types of ammunition following a mass shooting and speaking publicly against tariffs and political unrest that threatened business stability.
However, not all ventures succeeded. The expensive acquisition of Jet.com was ultimately shut down, and moves into upscale fashion brands delivered weaker-than-expected results.
From Store Associate to CEO
McMillon’s Walmart journey began decades ago as an hourly associate. His rise through Sam’s Club and Walmart International shaped him into one of the most influential CEOs in U.S. retail. Under his leadership, Walmart’s stock price increased more than 300%.
He will stay on Walmart’s board through June 2026, and continue advising the company through fiscal year 2027.
John Furner: The New Face of Walmart’s Future
Furner, who also started as an hourly associate in 1993, has led Walmart U.S.’s 4,600 stores since 2019. He is credited with:
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Strong operational performance
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Digital innovation
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A renewed focus on employee development
Walmart says it will soon announce who will replace Furner as the next CEO of Walmart U.S.