Walmart Relies on In-House Leaders to Steer Through Retail Hurdles
- Walmart appoints John Furner, a 30-year veteran, as CEO in 2026, succeeding retiring Doug McMillion. - Furner, 51, leads U.S. operations with 4,600 stores and $120.9B Q2 revenue, emphasizing internal leadership continuity. - McMillion's 12-year tenure saw 400% stock growth but faces challenges like tariffs and affordability crises. - New CEO inherits AI-driven transformation goals, with Q3 earnings and SNAP benefit disruptions under investor scrutiny.
Walmart Inc. (WMT) has appointed John Furner, who has spent three decades with the company, as its upcoming chief executive officer. He will take over from Doug McMillon, who is set to retire at the close of January 2026. Starting February 1, 2026, Furner—currently serving as president and CEO of
Furner, age 51, started at Walmart in 1993 as an hourly worker in Bentonville, Arkansas. Over the years, he has held various leadership positions in merchandising, operations, and sourcing, and previously managed Sam’s Club U.S. as well as marketing for Walmart China. As the head of Walmart U.S.—the company’s largest division, responsible for 69% of net sales in the first half of 2026—he
During McMillon’s leadership, Walmart’s share price climbed by more than 400% and its market value increased by $576 billion. He led the company through a digital overhaul, introducing same-day delivery and expanding online sales,
Furner steps in as Walmart leads in AI adoption, with McMillon noting that artificial intelligence will “transform every one of the company’s more than 2 million jobs”
This executive transition continues Walmart’s tradition of promoting leaders from within, as McMillon himself advanced from an hourly position to the top role. The company intends to
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