Walmart CEO Doug McMillon Retires in January: What This Means for the Retail Giant
Friday, 14 November 2025, 14:02
Walmart CEO Doug McMillon’s Retirement
NEW YORK (AP) — Walmart CEO Doug McMillon, who has transformed the nation's largest retailer into a tech-powered giant since taking over in 2014, will retire in January in a surprise move.
Market Implications of Leadership Change
Shares fell 3% immediately following the announcement as investors reacted to the potential impacts of this transition.
John Furner Steps In
- John Furner, 51, a longtime insider of Walmart, will take over the CEO position.
- Furner is currently the head of Walmart's U.S. operations, bringing extensive experience to the role.
- The change raises questions about Walmart's strategic direction in the rapidly evolving retail landscape.
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