Walmart CEO Doug McMillon has announced his retirement. He will leave the company on January 31, 2026. The news marks the end of a long chapter for Walmart. McMillon began his career more than 30 years ago as an hourly employee. Over time, he rose through the ranks and eventually took over as CEO in 2014.
Walmart confirmed that John Furner, the current CEO of Walmart U.S., will take his place. After the announcement, Walmart shares slipped by about 1.5%, reflecting investor uncertainty.
Why the Walmart CEO retirement marks the end of a major transformation
During his time as CEO, McMillon reshaped the company. He shifted Walmart from a traditional retailer into a modern, tech-driven business. This included a major expansion of e-commerce operations. The goal was clear: compete directly with Amazon while keeping Walmart’s reputation for low prices.
One of McMillon’s biggest moves was the launch of Walmart+ in 2020. The subscription service offers fast shipping and free delivery from local stores. It mirrors many features of Amazon Prime but uses Walmart’s massive store network as an advantage.
Walmart also built a fast-growing digital advertising business. Brands now pay to promote their products on Walmart’s website and mobile app. This new revenue stream strengthens the company’s long-term strategy.
Justin McAuliffe, a research analyst at Gabelli Funds, praised McMillon’s leadership. He said McMillon helped Walmart modernize through technology, expand internationally and improve the in-store experience.
How Walmart stayed strong while competitors struggled
Many retailers had a difficult year. Tariffs, weaker consumer spending and economic uncertainty made growth challenging. Despite this, Walmart continued to advance.
In August, the company reported 4.8% sales growth compared to the previous year. Its combined strength in e-commerce and physical stores played a key role. While competitors faced shrinking sales, Walmart kept gaining customers.
The retailer will report its third-quarter earnings next week. Several major companies, including Target, Home Depot and Lowe’s, will also release results. Analysts expect Walmart to deliver another strong quarter with 4.6% sales growth year over year.
What’s next for Walmart after the CEO transition
McMillon’s departure marks a new era. He leaves behind a company that is more innovative, more digital and more competitive. His strategy pushed Walmart far beyond its big-box roots.
Incoming CEO John Furner will now guide the company through its next stage. Analysts expect him to focus on automation, supply chain efficiency, e-commerce expansion and global growth. Walmart remains in a strong position, and Furner inherits a business with clear momentum.
McMillon’s legacy will stay with the company for years. He helped Walmart become a modern retail powerhouse, ready to compete in a rapidly changing market.
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