Walmart Unveils Major Leadership Change For 'New Retail Era'

By Chris Spiker From Daily Voice

Walmart's longtime top executive will step down as the retail giant picks a new leader to guide it through major technological changes and weaker consumer spending.

Doug McMillon will retire from his role as Walmart's president and chief executive officer at the end of January 2026, the company announced on Friday, Nov. 14. He'll remain on Walmart's board of directors until the next annual shareholders' meeting while helping guide the transition.

John Furner will replace McMillon as Walmart's president and CEO on Sunday, Feb. 1, 2026. The 51-year-old is currently Walmart's US CEO, overseeing the chain's more than 4,600 stores nationwide since 2019.

Furner began his Walmart career as an hourly associate in 1993.

"John Furner is the right leader to guide Walmart into our next chapter of growth and transformation," board chair Greg Penner said. "After starting as an hourly associate and being with us for over 30 years in a variety of leadership roles across all three of our operating segments, John understands every dimension of our business – from the sales floor to global strategy. He has proven that he can deliver results while living our values. John’s six-year leadership of our Walmart US business during a time of rapid change, marked by digital acceleration and strong associate engagement, has positioned us for continued success."

McMillon, 59, called serving as CEO since 2014 "a great honor" and thanked the Walton family, which has owned Walmart since founding the company in 1962.

"I'm incredibly proud of what our associates accomplished and deeply grateful for their commitment to our customers, to each other, and to the communities we serve," said McMillon. "Thank you, everyone! I've worked with John for more than 20 years. His love for our associates and this company runs deep. 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."

John Furner (left) will succeed Doug McMillon (right) as Walmart's president and CEO on February 1, 2026.

Walmart

Furner, who was once the US CEO of Walmart's wholesale brand Sam's Club, said he's prepared to help Walmart adopt new technology powered by artificial intelligence.

"I'm grateful to Doug for his leadership and mentorship and the foundation that is built for our future," he said. "As we enter a new retail era fueled by innovation and AI, our purpose and our people will continue to guide us. Together, we'll find new ways to serve customers, support our associates, and strengthen the communities we call home."

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Walmart said it plans to name Furner's replacement as CEO of Walmart US before the end of fiscal year 2026. McMillon will continue advising Furner through FY2027.

Target, a main competitor of Walmart, is also preparing for a major leadership change, with Michael Fiddelke succeeding longtime CEO Brian Cornell in February 2026.