Walmart President and CEO Doug McMillon is leaving his position early next year. Ethan Miller/Getty Images North America/Getty Images New York —

Doug McMillon, Walmart’s CEO for just over a decade, is retiring next year, the retailer announced Friday.

McMillon will be succeeded by John Furner on February 1, 2026. Furner is currently the CEO and president of Walmart’s US operations, the company’s largest business unit. Both executives have been with the company for several decades in various leadership roles.

The transition comes amid a tumultuous time for retailers, as tariffs and sinking consumer sentiment has roiled the industry’s bottom lines. Yet Walmart under McMillon has overcome many of the issues that have plagued competitors – its supply-chain dominance and grocery pro

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