Walmart said it appointed David Guggina, age 40, as Executive Vice President, President and Chief Executive Officer, Walmart U.S., effective February 1, 2026, succeeding John Furner. He has served as Executive Vice President and Chief eCommerce Officer, Walmart U.S., since January 2025. The appointment was announced on January 16, 2026.

1. 01

   Walmart said it appointed David Guggina, age 40, as Executive Vice President, President and Chief Executive Officer, Walmart U.S., effective February 1, 2026, succeeding John Furner. He has served as Executive Vice President and Chief eCommerce Officer, Walmart U.S., since January 2025. The appointment was announced on January 16, 2026.

2. 02

   The company said Kathryn McLay will remain in her role as Executive Vice President, President and Chief Executive Officer, Walmart International, through the close of business on January 31, 2026, then serve in a transitional role and separate from the company on April 30, 2026. Christopher Nicholas, who has served as Executive Vice President, President and Chief Executive Officer, Sam's Club U.S., since September 2023, was named her successor effective January 16, 2026.

3. 03

   The company said it appointed Latriece Watkins, 51, as Executive Vice President, President and Chief Executive Officer of Sam's Club U.S., effective February 1, 2026. She has served as Executive Vice President and Chief Merchandising Officer, Walmart U.S., since May 2023, and joined the company as a real estate intern in 1997. The announcement was made on January 16, 2026.

4. 04

   The company said that, as of the effective date, the annualized base salary will be $975,000 for Guggina, $1,000,000 for Nicholas and $925,000 for Watkins. The company also said that all three executives will have a target annual cash incentive opportunity of 180% of base salary for fiscal 2027, with a maximum possible payout of 225% of base salary. The existing agreements prohibit them from competing and from soliciting certain employees for 2 years after termination.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.