Summary
Doug McMillon, the CEO of Walmart, is retiring, and John Furner will take over the position on February 1. During McMillon's time as CEO, Walmart's stock increased significantly, and the company expanded its reach worldwide.
Key Facts
- Doug McMillon is retiring as Walmart's CEO.
- John Furner, currently leading Walmart U.S., will be the new CEO.
- The leadership change will happen on February 1.
- Walmart faces economic challenges, such as tariffs and affordability issues.
- Under McMillon, Walmart's stock price has quadrupled since November 2013.
- Walmart serves 270 million customers weekly in 19 countries.
- The company operates more than 10,750 stores globally, including online platforms.
