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
BIOENEX Enters Five New Markets Following Success of EmberGlow Briquettes
The family-owned specialist premium wood heating fuel supplier BIOENEX today announced its official entry into Italy, Spain, Portugal, Denmark, and...
Oleeo chief defends AI screening as 2.5 jobseekers chase each vacancy
The founder of a recruitment software firm used by NHS trusts and police forces has challenged Prime Minister Andy Burnham’s...
Apple faces $32.5bn Illinois lawsuit over iPhone face scans
Apple faces a class action worth up to $32.5 billion over the collection of biometric information from users of its...
Unions open talks on redundancy criteria at Santander and TSB
Unions at Santander and TSB have opened negotiations over how staff in duplicate roles will be assessed for redundancy, following...
How Companies Track Shifts in Consumer Behaviour Over Time
Consumers’ behaviors change due to new technologies, trends, economic environment, and customer needs. Organizations unable to track these changes often...
Gatwick warns airlines of two-day jet fuel shortage
Gatwick Airport has warned airlines that it has a shortage of jet fuel for the next two days after a...