Categories: Business

Walmart CEO Doug McMillon to retire, insider John Furner named top boss

Published by TSG Syndication

(Reuters) -Walmart said on Friday that CEO Doug McMillon will retire next year and will be replaced by insider John Furner as the new top boss. The company's shares were down about 2% in premarket trading. McMillon will retire on January 31, the company said. Furner currently serves as CEO for Walmart U.S. Walmart reports quarterly results next week. (Reporting by Juveria Tabassum in Bengaluru; Editing by Savio D'Souza, Anil D'Silva) (The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
TSG Syndication
Published by TSG Syndication