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Walmart Inc. (NYSE: WMT) announced that its Board of Directors has elected John Furner, 51, to succeed Doug McMillon, 59, as President and Chief Executive Officer of Walmart Inc., effective February 1, 2026. Furner has also joined the Board effective immediately.

McMillon will retire from the CEO role on January 31, 2026, remain on the Board until the next annual shareholders’ meeting, and continue advising Furner through FY2027 to ensure a seamless transition.

Board Praises Leadership Continuity

Greg Penner, Walmart’s Chairman, called Furner “the right leader to guide Walmart into our next chapter of growth and transformation,” noting his 30-year career with the company, beginning as an hourly associate. Penner also praised McMillon for more than a decade of transformative leadership, highlighting his investment in associates, digital acceleration, and modernization of the supply chain.

McMillon Backs His Successor

McMillon said serving as CEO has been “a great honor,” adding that Furner’s digital expertise, people-centric leadership, and merchant instincts make him uniquely prepared to lead the company into its next AI-driven era.

Furner’s Vision

Furner, currently President & CEO of Walmart U.S. since 2019, said he is “deeply honored” to lead the company that shaped his career. He emphasized that Walmart’s purpose and people will remain central as the retailer enters a new phase defined by innovation and artificial intelligence.

About John Furner

• Joined Walmart in 1993 as an hourly associate

• Held leadership roles across merchandising, operations, and sourcing

• Former President & CEO of Sam’s Club U.S.

• Known for collaborative leadership and championing digital innovation

• Currently oversees Walmart U.S. and its 4,600+ stores

Walmart will announce Furner’s successor as CEO of Walmart U.S. before the end of FY2026.