Walmart CEO Doug McMillon to retire, insider John Furner named top boss

Walmart's long-serving CEO Doug McMillon is retiring next year. John Furner, currently head of Walmart U.S., will take over. McMillon, who joined as an associate, led the retail giant for over a decade. Furner, also a long-time employee, is set to guide Walmart through evolving challenges. This leadership transition follows similar changes in the retail sector.