Walmart Announces Leadership Change as John Furner Takes Over in 2026

Walmart has confirmed a major leadership transition as current President and CEO Doug McMillon will step down from his role on January 31, 2026. He will be succeeded by John Furner, who is currently the CEO of Walmart U.S. This announcement marks a significant shift for the retail giant, which has been under McMillon’s leadership since 2014. McMillon will remain on the board of directors and serve as an advisor during the transition period.

This change comes at a crucial time for Walmart as it adapts to a rapidly evolving retail environment. The company is focusing on growth and innovation to meet the demands of modern consumers. McMillon’s tenure has been characterized by substantial changes, and his impending departure signifies a new chapter for Walmart as it continues to navigate the complexities of the market.

John Furner has a long-standing history with Walmart, having begun his career with the company over 30 years ago as an hourly associate. His ascent through various roles within the organization has provided him with extensive knowledge of Walmart’s operations across all segments. Furner’s experience positions him well to lead the company forward, as he is expected to emphasize innovation and digital transformation.

Greg Penner, the chairman of Walmart’s board, expressed his confidence in Furner’s leadership abilities, stating that he is the right person to guide Walmart through its next phase of growth and transformation. McMillon is anticipated to support Furner during the transition, ensuring continuity in the company’s strategic initiatives.

In a statement, McMillon highlighted his confidence in Furner, noting their two-decade collaboration. He mentioned Furner’s capability to navigate the upcoming AI-driven transformation, indicating a strategic shift for the company.

Furner expressed gratitude for the opportunity to lead Walmart and acknowledged the strong foundation laid by McMillon. He emphasized his commitment to the company’s values and the importance of innovation in adapting to the new retail landscape. Furner stated, “Walmart’s purpose and people will continue to guide us as we explore new ways to serve our customers and communities.”

The announcement of this leadership change comes at a time of significant transformation within the retail sector, driven by technological advancements and shifting consumer behavior. Furner’s appointment signals Walmart’s intention to maintain its competitive edge while adapting to these changes.

Walmart has also indicated that a successor to Furner as CEO of Walmart U.S. will be announced before the end of the 2026 fiscal year, demonstrating the company’s proactive approach to leadership succession planning. This transition reflects Walmart’s ongoing commitment to strategic growth and adaptation in a dynamic market.