NEW YORK (AP) — Walmart CEO Doug McMillon will retire in January, the retailer announced on Friday.

The company said that John Furner, head of U.S. operations and a longtime insider, will take over.

McMillon’s retirement is effective Jan. 31, 2026. Furner will start as CEO the next day.

McMillon’s retirement is effective Jan. 31, 2026. Furner will start as CEO the next day.

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