Key Insights

• Walmart’s Board of Directors has elected John Furner, current Walmart U.S. CEO, to succeed Doug McMillon as President and CEO of Walmart Inc.

• Furner has also been appointed to the company’s Board of Directors, effective immediately.

• McMillon will retire on January 31, 2026, remain on the Board until the next shareholders’ meeting, and continue advising Furner through January 31, 2027.

FOR IMMEDIATE RELEASE

BENTONVILLE, Ark., Nov. 14, 2025 — Walmart Inc. (NYSE: WMT) announced today that its Board of Directors has elected John Furner, 51, to become President and Chief Executive Officer of Walmart Inc., effective February 1, 2026. Furner has also been appointed to the Board of Directors. Doug McMillon, 59, will retire on January 31, 2026, remain on the Board until the next annual meeting, and support the leadership transition.

Greg Penner, Chairman of Walmart Inc., praised the decision:
“John Furner is the right leader to guide Walmart into its next era of growth and transformation. Having started as an hourly associate and served in numerous leadership roles across all three business segments, John understands every part of our company. His leadership of Walmart U.S., marked by digital acceleration and strong associate engagement, has positioned us for continued success.”

Penner also expressed gratitude to Doug McMillon:
“Doug’s decade-long leadership transformed Walmart. His investments in talent, digital innovation, and supply chain modernization strengthened our business and fueled long-term growth. Walmart is more innovative, resilient, and aligned with our mission thanks to Doug’s extraordinary leadership.”

McMillon reflected on his tenure:
“Serving as Walmart’s CEO has been the honor of a lifetime. I’m grateful to our associates, the Board, and the Walton family for their trust. John’s deep passion for our people, strong digital instincts, and commitment to our culture make him the ideal leader for this next AI-driven chapter. I’m confident Walmart’s future is bright under his leadership.”

Furner expressed appreciation for the opportunity:
“I’m deeply honored by the trust placed in me. Walmart has shaped my life, and I’m grateful for Doug’s mentorship and legacy. As we enter a new retail era powered by innovation and AI, our people and our purpose will lead the way. Together, we’ll continue serving customers, supporting associates, and strengthening communities.”

Furner has served as President and CEO of Walmart U.S. since 2019, overseeing more than 4,600 stores. He joined Walmart as an hourly employee in 1993 and has held a wide range of roles across merchandising, operations, sourcing, and global markets. He previously served as President and CEO of Sam’s Club U.S. and is recognized for championing associate development, digital innovation, and operational excellence.

As with previous CEO transitions, McMillon will remain on the Board through June and advise Furner through FY2027. The company will announce Furner’s successor as CEO of Walmart U.S. before the end of FY2026.

About Walmart
Walmart Inc. (NYSE: WMT) is a people-led, tech-powered omnichannel retailer serving 270 million customers weekly across 10,750 stores and multiple eCommerce platforms in 19 countries. With fiscal year 2025 revenue of $681 billion and a global workforce of 2.1 million associates, Walmart remains a leader in sustainability, philanthropy, and economic opportunity. More information is available at corporate.walmart.com and on Walmart’s social media channels.