Overview
- Furner, 51, has led Walmart U.S. since 2019, began as an hourly associate in 1993, and oversees more than 4,600 stores.
- He was elected to Walmart’s board effective immediately, signaling continuity in oversight.
- McMillon will remain on the board until the next annual shareholders’ meeting and advise Furner through Jan. 31, 2027.
- Walmart shares fell roughly 2%–3% in premarket trading following the succession announcement.
- The company said it will name a new Walmart U.S. chief before the end of fiscal 2026.