Walmart CEO Doug McMillon will retire in January after leading the company for over a decade, during which he expanded online operations and streamlined international units.

He will be succeeded by John Furner, a longtime Walmart executive and current head of the US business.

Under McMillon, Walmart navigated challenges like tariffs and supply chain disruptions while achieving solid growth, with online sales becoming a key driver.

McMillon will remain an adviser and board member through June 2026 to support the transition, the BBC has reported.

The leadership change reflects a continuation of Walmart’s transformation, with Furner poised to lead the company into an AI-driven future.