Walmart CEO Doug McMillon Retires

Walmart announced a major leadership change as CEO Doug McMillon revealed he will retire in January after nearly 12 years at the helm. This unexpected decision has caught Wall Street by surprise, with analysts and investors reacting swiftly to the news. Walmart has named company insider John Furner as McMillon’s successor, ensuring a smooth transition. This development is part of broader CEO changes in the corporate world, as Apple’s Tim Cook is also reportedly considering stepping down, highlighting a significant shift in leadership at leading companies.