{"id":291227,"date":"2025-11-14T13:56:10","date_gmt":"2025-11-14T13:56:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/291227\/"},"modified":"2025-11-14T13:56:10","modified_gmt":"2025-11-14T13:56:10","slug":"walmart-ceo-doug-mcmillon-to-step-down-in-january","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/291227\/","title":{"rendered":"Walmart CEO Doug McMillon to step down in January"},"content":{"rendered":"

Walmart announced Friday that its longtime CEO Doug McMillon will retire <\/a>at the end of January \u2014 which came as a surprise to some given the company’s success in a rapidly evolving retail landscape. <\/p>\n

John Furner, Walmart\u2019s 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. <\/p>\n

McMillon, 59, has held the top job since 2014 and is only the fifth person to lead the storied company in its 63-year history. <\/p>\n

\u201cServing as Walmart\u2019s CEO has been a great honor and I\u2019m thankful to our Board and the Walton family for the opportunity,\u201d McMillon said in a statement. \u201cI\u2019ve worked with John for more than 20 years. … He\u2019s uniquely capable of leading the company through this next AI-driven transformation.\u201d<\/p>\n

America\u2019s retail landscape continues to rapidly evolve as consumer spending shows increasing signs of bifurcating between wealthier households and everyone else. However, Walmart\u2019s results have held steady \u2014 and has been justly rewarded by investors, who have sent its shares some 13% higher in 2025. Over the course of McMillon\u2019s tenure, its shares are up some 300%. <\/p>\n

On Walmart\u2019s most recent earnings call, in August, McMillon indicated the company has been able to withstand the broader pressures facing consumers, noting its shoppers\u2019 \u201cbehavior has been generally consistent. We aren\u2019t seeing dramatic shifts.\u201d <\/p>\n

This is a developing story. Please check back for updates.<\/p>\n

\"\"<\/a><\/p>\n

Rob Wile is a Pulitzer Prize-winning journalist covering breaking business stories for NBCNews.com.<\/p>\n","protected":false},"excerpt":{"rendered":"Walmart announced Friday that its longtime CEO Doug McMillon will retire at the end of January \u2014 which…\n","protected":false},"author":2,"featured_media":291228,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[4,450,451,3,452,453],"class_list":{"0":"post-291227","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-breaking-news","8":"tag-breaking-news","9":"tag-breakingnews","10":"tag-headlines","11":"tag-news","12":"tag-top-stories","13":"tag-topstories"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/291227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=291227"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/291227\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/291228"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=291227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=291227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=291227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}