Walmart CEO Doug McMillon to retire; John Furner named successor effective Feb 1, 2026

Walmart Inc.

Doug McMillon to retire as president and CEO on Jan 31, 2026; will remain as advisor through Jan 2027 and on Board until June 2026 annual meeting.
John Furner, currently CEO of Walmart U.S., appointed president and CEO effective Feb 1, 2026; also elected to Board.
Furner started as hourly associate in 1993; led Walmart U.S. since 2019, overseeing 4,600+ stores.
McMillon's post-retirement salary set at $1.5M annually; accelerated vesting of 11,524 RSUs and up to 195,898 performance shares to Jan 31, 2027.

item 5.02 item 9.01

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