Doug McMillon, the long-serving CEO of Walmart, is set to retire in January, marking the end of a transformative era for the retail giant. McMillon, 59, has led the company for over a decade, during which Walmart significantly expanded its e-commerce operations and streamlined its international ventures. His successor, John Furner, a seasoned Walmart executive who rose through the ranks from store-level positions, will assume the role of CEO. Furner currently oversees Walmart’s U.S. operations and is poised to guide the company through its next phase of growth. The leadership transition comes at a time when Walmart has demonstrated resilience, achieving steady growth despite challenges such as new tariffs and fluctuating consumer spending. Greg Penner, Walmart’s chairman, praised McMillon for his strategic investments in digital capabilities, supply chain modernization, and employee development, which have strengthened the company’s financial performance. McMillon will remain on the board as an adviser until June 2026 to ensure a smooth transition. In a statement, McMillon expressed his gratitude for the opportunity to lead Walmart and lauded Furner’s readiness to drive the company’s AI-driven transformation. Despite the announcement, Walmart’s shares dipped by 2% in early trading, reflecting investor reactions to the leadership change.