John Furner will become the retail giant’s fifth CEO since founder Sam Walton.

Walmart CEO Doug McMillon will retire next year after more than a decade at the helm, capping a period when he reshaped the big-box retailer into a technology-driven powerhouse. Lisa Bernhard has more.

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

Walmart's longtime CEO Doug McMillon will retire at the end of January — a surprise to some given the company's success in an evolving retail landscape.

Doug McMillon will retire as Walmart CEO in 2026, succeeded by U.S. division chief John Furner. LeeAnne Lowry. More Videos

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,

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