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US retail chain Walmart has appointed John Furner as its subsequent president and CEO, efficient from 1 February 2026.
Furner will exchange Doug McMillon, who has been on the helm since 2014.
McMillon will step down on 31 January 2026 and keep on the board till June, performing as an adviser to Furner via FY2027.
Furner has additionally joined the retailer’s board of administrators with fast impact.
Furner acknowledged: “I’m deeply honoured by the belief the board and household have positioned in me to guide Walmart, an organization that has formed my life and so many others. I’m grateful to Doug for his management and mentorship and the muse that’s constructed for our future.
“As we enter a brand new retail period fuelled by innovation and AI, our function and our folks will proceed to information us. Collectively, we’ll discover new methods to serve clients, help our associates and strengthen the communities we name house.”
Furner has labored as president and CEO of Walmart US since 2019, managing greater than 4,600 shops.
He joined the corporate in 1993 as an hourly affiliate and has held senior positions throughout merchandising, operations and sourcing in a number of international locations, together with these of president and CEO of Sam’s Membership US.
Walmart will announce Furner’s successor as CEO of Walmart US earlier than the tip of FY2026.
Walmart chairman Greg Penner acknowledged: “John Furner is the correct chief to information Walmart into our subsequent chapter of progress and transformation. After beginning as an hourly affiliate and being with us for over 30 years in quite a lot of management roles throughout all three of our working segments, John understands each dimension of our enterprise – from the gross sales ground to international technique.”
The retailer operates greater than 10,750 shops and e-commerce websites throughout 19 international locations, with FY2025 income of $681bn and a workforce of two.1 million.
Walmart has launched a spread of AI-powered purchasing options on its cell app in preparation for the 2025 vacation season.
The corporate’s newest updates included AI-generated purchasing lists, store-specific financial savings suggestions and improved navigation options exhibiting the precise in-store location of merchandise.
“Walmart names John Furner as new president and CEO ” was initially created and printed by Retail Perception Community, a GlobalData owned model.
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