Doug McMillon to Step Down as Walmart CEO, John Furner to Succeed

The person in charge of Walmart, Doug McMillon, is going to stop being the boss.

Starting in February 2026, a new person named John Furner will become the new CEO.

Both Doug and John have worked at Walmart for a very long time and have learned a lot.

Walmart has been doing well even though it's hard for stores right now.

They are good at keeping prices low, especially for food, which helps lots of people.

They also became really good at selling things online, like Amazon.

Doug also made Walmart stop selling certain types of guns after a sad event.

John is known for making important decisions at the company.