Home » Business » Title: Walmart Names John Furner as New CEO, Doug McMillon Retires

Title: Walmart Names John Furner as New CEO, Doug McMillon Retires

by Priya Shah – Business Editor

Walmart‘s U.S. CEO John Furner to Led Company Through AI Change

John ⁣Furner, a 30-year Walmart veteran who began his career as an hourly employee, is poised to lead teh⁣ retail giant through ⁢its next ‍phase of‍ growth and an increasingly pivotal AI-driven transformation. The announcement comes⁣ as current Walmart‍ CEO Doug McMillon ​steps down after more ⁤than a decade, during which the company’s stock has more than quadrupled.

Furner’s appointment signals⁢ a continuation of⁤ Walmart’s focus on leveraging its vast scale and⁤ deep​ understanding of the‌ American consumer, now with a sharpened emphasis ⁣on artificial intelligence. He will guide the company – which operates over 4,600 stores in the U.S. – as it navigates‍ a rapidly⁤ evolving ​retail landscape‌ and seeks⁣ to capitalize on the ‍potential of AI to reshape its business. The company plans to⁣ name‍ Furner’s successor as CEO⁢ of Walmart’s American business​ before the end of fiscal year 2026.

As 2019, Furner has served as CEO of Walmart in​ the United States, overseeing a division critical⁢ to the company’s overall performance. McMillon,who has worked with furner for 20 years,highlighted his leadership ability to navigate this “next AI-driven transformation.”

“John understands all dimensions of our business, from the sales floor to global⁣ strategy,” stated Greg ⁢Penner, Chairman of the Board of directors. “He is the ideal leader to ​guide Walmart through our next⁢ stage of growth and transformation.” ⁣

McMillon will remain on the board of directors until June and will serve as an‌ advisor to Furner through fiscal 2027, ensuring a smooth⁢ transition.The leadership change occurs alongside a recent shift in Walmart Mexico’s leadership, with Cristian Barrientos Pozo ‌recently named president.

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