Overview
- McMillon, 59, will retire on Jan. 31, 2026, and Furner will take over on Feb. 1, 2026.
- Furner has been elected to the board effective immediately, while McMillon stays on the board until the next annual meeting and will advise through Jan. 31, 2027.
- Walmart said it will name a new head of Walmart U.S. before the end of fiscal 2026.
- Shares fell roughly 2%–3% in premarket trading after the announcement, which arrived days before next week’s earnings report.
- Under McMillon, annual revenue rose from about $486 billion to $681 billion, the stock gained nearly 300%, and Walmart accelerated e-commerce, automation, AI and workforce investments.