The company said C. Douglas McMillon, president and chief executive officer, will retire effective at the close of business on January 31, 2026, and the Board has appointed John R. Furner as president and chief executive officer effective February 1, 2026.

1. 01

   The company said C. Douglas McMillon, president and chief executive officer, will retire effective at the close of business on January 31, 2026, and the Board has appointed John R. Furner as president and chief executive officer effective February 1, 2026.

2. 02

   The company said Furner, 51, was elected to the Board on November 13, 2025 and appointed to the Board's Executive Committee, has served as executive vice president and chief executive officer of Walmart U.S. since November 2019, and joined the company as an hourly associate in 1993.

3. 03

   The company entered into an agreement with McMillon on November 13, 2025 that runs through January 31, 2027. It said his annual salary will be $1.5 million starting February 1, 2026, and that the non-competition provisions are extended through January 31, 2029.

4. 04

   The company said it will accelerate the vesting of restricted stock grants for 11,524 shares, originally scheduled to vest on January 11, 2028, and performance share grants for 195,898 shares, originally scheduled to vest on January 31, 2028 (at 100% performance), to January 31, 2027, provided McMillon remains employed with the company through that date.

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Original filing

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