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Walmart CEO plans to stay in role at least three more years
Walmart reimagines stores with revamped design, interactive displays
Walmart announced the first phase of its store redesigns in a company blog last year sharing that nearly 1,000 stores have been renovated with the new design.
Walmart Inc. Chief Executive Doug McMillon plans to helm the country’s largest retailer for at least three more years as the company continues work to identify a successor, according to people familiar with the matter.
Mr. McMillon, 56, a Walmart lifer who has held the job since 2014, is the company’s fourth CEO since founder Sam Walton. His plans to stay in the role for more than a decade will extend the company’s timeline for finding its next leader, the people said.
In recent years, Walmart has elevated several executives into roles that made them likely successors to Mr. McMillon, including U.S. CEO John Furner, 48, and International CEO Judith McKenna, 56.
Kathryn McLay, 49, the head of Sam’s Club, Walmart’s warehouse chain, is also among those seen as potential candidates, said these people, as well as a more junior generation of executives.