Walmart Announces Leadership Transition as John Furner Set to Succeed Doug McMillon as CEO in 2026
Walmart Inc. (WMT) shares declined 1.82% to $100.67 during Thursday's trading session following news of a planned leadership transition. John Furner, current head of Walmart U.S., will assume the CEO role effective February 1, 2026, replacing Doug McMillon who will retire after a transformative decade at the helm.
McMillon's legacy includes modernizing Walmart's digital infrastructure, supply chain operations, and corporate culture. The outgoing CEO will remain on the board through June 2026 and serve as an advisor until January 2027 to ensure a smooth transition. Furner brings 30 years of company experience, including his successful tenure leading Walmart's largest division since 2019.
The leadership change comes as Walmart positions itself for an AI-driven future, with emphasis on technological innovation, employee development, and global operational efficiency. Market reaction reflected typical volatility surrounding executive transitions at major corporations.