Walmart CEO Doug McMillon to retire
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Walmart shares fell close to 3% Friday after the company announced Chief Executive Officer Doug McMillion will retire in January, and be succeeded by the head of WalMart’s U.S. operations John Furner. Walmart Inc’s shares fell more than 2.3% after the company said Doug McMillon will be retiring in January after 12 years as CEO.
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Walmart's 2.1M workers brace for the biggest job shift
Walmart, the largest private employer in the United States with 2.1 million workers, is on the brink of a transformative journey as artificial intelligence (AI) begins to reshape its workforce. CEO Doug McMillon has highlighted the profound impact AI will have,
John Furner will become the retail giant’s fifth CEO since founder Sam Walton.