Walmart Announces Major Leadership Changes

Walmart is undergoing significant leadership changes as CEO Doug McMillon announces his departure after nearly 12 years. John Furner is set to succeed McMillon as global CEO, prompting a reshuffle of the executive team. Key appointments include Latriece Watkins as CEO of Sam’s Club and Kathryn McLay stepping down as Walmart International CEO in January. These changes are part of a broader strategy to position the company for future growth, with internal promotions playing a crucial role in the transition. The leadership overhaul reflects Walmart's efforts to adapt to evolving market dynamics and prepare for 2026 initiatives.