Walmart CEO Doug McMillon to retire
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NEW YORK (AP) — Walmart CEO Doug McMillon, who turned America's largest retailer into a tech-powered giant and spearheaded a period of robust sales growth since becoming chief executive in 2014, plans to retire early next year, the company said Friday in a surprise announcement.
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Walmart CEO Doug McMillon, who has spent more than a decade reshaping the country’s largest retailer into a technology-driven powerhouse,
Doug McMillon, who will exit in January, has steered the retail giant to new heights through a pandemic, high inflation and political upheaval.
Trump, who campaigned on a promise to tackle inflation, has pushed back — sometimes misleadingly — against discussions of grocery prices increasing on his watch. His Walmart example misleads by pointing to one corporate offering as evidence of grocery prices falling overall.
Incoming Walmart chief executive John Furner started at the mega retailer as an hourly employee stocking shelves. Now, the largest U.S. company by revenue is counting on him to guide it through its next chapter.