Walmart CEO Doug McMillon is retiring and the head of its US division will take the helm

Paul Morigi/Getty Images for SemaforWalmart said CEO Doug McMillon, who has held the job since 2014, will retire in February.He will be replaced by the head of its US division, John Furner.In a statement, McMillon said Furner is "a merchant, an operator, an innovator, and a builder."Walmart CEO will retire in February, handing the reins to the head of the retailer's US division, John Furner, the company said Friday.McMillon has served as CEO since 2014 and has been with the company for more than 40 years."I've worked with John for more than 20 years. His love for our associates and this company runs deep," McMillon said in a statement. "He's uniquely capable of leading the company through this next AI-driven transformation. He's a merchant, an operator, an innovator, and a builder. I know that our future is bright with his leadership."The 51-year-old Furner started with Walmart more than 30 years ago as a part-time hourly associate in the garden center, and became CEO of the company's US division in 2019.In that time the company has undergone a significant transformation from a to become an e-commerce This story is developing. Check back for updates.Read the original article on Business Insider

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