Walmart CEO Doug McMillon has announced his retirement from the retail giant, with plans to step down in 2026. This decision comes after a successful tenure as CEO, where McMillon oversaw significant growth and transformation within the company.

Under McMillon's leadership, Walmart has seen impressive financial results and expansion, making it one of the largest retailers in the world. Despite facing challenges from online competitors, Walmart has remained competitive under McMillon's guidance.

McMillon's successor, John Furner, has been chosen as the new CEO to lead Walmart into the future. Furner has been with the company for over 25 years and has held various leadership positions, making him well-equipped to take on the role of CEO.

McMillon's retirement marks the end of an era for Walmart, as he has been a key figure in the company's success for many years. His leadership and strategic vision have helped Walmart navigate through changing consumer preferences and retail trends.

As McMillon prepares to pass the baton to Furner, Walmart shareholders and employees are optimistic about the company's future. While McMillon's retirement will undoubtedly be a loss for the retail giant, his legacy of success and growth will continue to shape Walmart for years to come.