Overview
- Doug McMillon will step down as CEO on January 31, 2026, and John Furner will take over on February 1, 2026 while joining the board immediately.
- McMillon will remain on the board until the next annual shareholders' meeting and serve as an advisor through January 2027, with a $1.5 million annual advisor salary reported in SEC filings.
- Walmart said it will announce a new leader for Walmart U.S. before the end of fiscal 2026 to ensure continuity in its largest business.
- Walmart shares fell following the announcement, with reports citing declines of roughly 1% to about 3% in early trading.
- Under McMillon, global e-commerce sales grew from about $10 billion to more than $120 billion as the company’s value roughly tripled to around $817 billion.