Walmart CEO Doug McMillon to retire in January and US operations chief John Furner will take over
NEW YORK (AP) — 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.S. operations, will take over, the company said Friday.
McMillon’s retirement is effective Jan. 31, 2026. Furner will start as CEO the next day.
During McMillon’s tenure as CEO, he invested heavily in its workers by increasing wages, expanding parental leave and launching a program for certificates or degrees for employees seeking education opportunities. Walmart has also lowered its prices and embraced technology like artificial intelligence to improve customer and worker experiences.
More Stories
Business travel and meals on the go: one way to show your team you care
Keeping a team happy when you’re running a small or medium sized business isn’t always easy. It’s hard to match...
TikTok UK legal bill tops $1bn as regulators close in
TikTok’s UK arm has raised the amount set aside for potential legal battles and regulatory investigations to more than $1...
Zero-hours contracts crackdown risks closing ‘doors to opportunity’, employers warn
Plans to restrict zero-hours contracts will create barriers to opportunity by making it more expensive for companies to employ young...
National Wealth Fund backs Devon tungsten mine revival with £71m
The embattled company attempting to revive a tungsten and tin mine in Devon has secured an injection of up to...
eDreams takes Prime travel subscription to full scale in Poland
eDreams ODIGEO has moved its Prime travel subscription into full scale expansion in Poland, adding another market to a rollout...
British start-up to help America build nuclear-powered cargo ships
A British start-up based on a west London trading estate is to help the American government build a fleet of...