Longtime Walmart CEO Doug McMillon is retiring and being replaced by the CEO of Walmart’s U.S. business, John Furner.

Walmart announced Friday that its president and CEO Doug McMillon is retiring and will be replaced by John Furner, president of Walmart U.S.

Walmart's CEO Doug McMillon is stepping down marking the end of an era for the world's largest retailer.

Walmart CEO Doug McMillon, who turned the nation’s largest retailer into a tech-powered giant since taking over in 2014, will retire in January. John Furner, a long time insider and head of Walmart’s U.

Walmart said on Friday that CEO Doug McMillon will retire next year and will be replaced by insider John Furner as the new top boss. The company's shares were down about 2% in premarket trading. McMillon will retire on January 31,

Doug McMillon started with Walmart as a teenager unloading trucks at Walmart's distribution center before becoming its CEO. He recently announced his retirement.

Walmart chief executive Doug McMillon will retire from his post in January, handing over the reins to a longtime deputy. The 59-year-old is stepping down after more than a decade at the helm of America's largest retailer,

John Furner, currently head of Walmart’s U.S. operations, will succeed McMillon as president and chief executive officer starting February 1, 2026.