BENTONVILLE, Ark. (KNWA/KFTA) — Walmart Chief Executive Officer Doug McMillon is set to retire next year, the company announced Friday.

The Bentonville, Arkansas-based retailer announced in a press release that McMillon is officially slated to retire on Jan. 31, 2026, though he will remain on the company's board of directors until the next shareholders' meeting in June. McMillon has been Walmart's CEO since 2014.

The Walmart board of directors has elected John Furner to be its new president and CEO.

John Furner (left) will succeed Doug McMillon (right) as president and CEO of Walmart Inc., effective Feb. 1, 2026. (Courtesy: Walmart)

Furner has worked for Walmart since 1993, starting as an hourly associate and later advancing through various roles and countries. He has served as the pre

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