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Walmart says longtime CEO Doug McMillon will retire in January
Walmart on Friday said CEO Doug McMillon, who started his career with the retailer as an hourly worker and who has led the company since 2014, will retire in January. McMillon, 59, will step down as CEO on Jan. 31 but remain on the retailer’s board of directors until its annual shareholders’ meeting. John Furner, who has served as president and CEO of Walmart U.S. since 2019, will take over as…
Walmart CEO Doug McMillon to step down in January
Walmart announced Friday that its longtime CEO Doug McMillon will retire at the end of January — which came as a surprise to some given the company’s success in a rapidly evolving retail landscape. John Furner, Walmart’s U.S. CEO, will assume the role of overall CEO on Feb. 1, the company said. McMillon will continue to serve in an executive and advisory role through Jan. 2027. McMillon, 59, has…
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Walmart CEO Doug McMillon to retire in January, US operations chief will take over
NEW YORK — 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 in a surprise move. John Furner, 51, a longtime insider and head of Walmart’s U.S. operations, will take over, the company said Friday. Shares fell 3% immediately in premarket trading after the news, which was unexpected. McMillon is 59 years…
Walmart CEO Doug McMillon to step down in January
Walmart announced Friday that its longtime CEO Doug McMillon will retire at the end of January — which came as a surprise to some given the company’s success in a rapidly evolving retail landscape. John Furner, Walmart’s U.S. CEO, will assume the role of overall CEO on Feb. 1, the company said. McMillon will continue to serve in an executive and advisory role through Jan. 2027. McMillon, 59, has…
Wal-Mart CEO Doug McMillon speaks at Economic Club of New York
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Wal-Mart‘s Chief Executive Officer Doug McMillon is speaking at a luncheon hosted by the Economic Club of New York.
Just last week, the big-box retailer’s shares reached an all-time high, surging more than 10 percent in one day.
Investors cheered as Wal-Mart’s third-quarter…
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