"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. CEO Doug McMillon announced his retirement in November after a decade as leader of the No. 1 company on the Fortune 500. His last day was Jan. 31. Taking his place is Furner, who starts his CEO tenure Sunday after previously serving as the president and CEO of Walmart's U.S. operation."
""John understands every dimension of our business-from the sales floor to global strategy. He has proven he can deliver results while living our values," Greg Penner, Walmart's chairman of the board, said in a statement. On his way out the door, McMillon also gave credit to Furner, who he said he has worked closely with for 20 years. "He loves this company and his fellow associates, he deeply understands our business so well, and he has the right characteristics to lead us into the future. He's a merchant, an operator, an innovator and a builder," McMillon said Friday in a post on LinkedIn."
John Furner succeeds Doug McMillon as Walmart CEO after McMillon's Jan. 31 departure. Furner previously served as president and CEO of Walmart U.S. and CEO of Sam's Club. Furner began his Walmart career as a garden-center hourly employee in Bentonville and advanced through roles including store manager, district manager, buyer, divisional general manager and VP of global sourcing. He studied marketing management at the University of Arkansas and spent two years in Shenzhen running merchandising and marketing for Walmart China. Board chairman Greg Penner and McMillon praised Furner's operational experience, values and long-term commitment to the company. Furner has overseen pay changes intended to boost store-manager morale.
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