Why mcmillon Is Trending Today?

Jeff Bezos steps down as Amazon CEO, Andy Jassy to take over; McMillon named new Amazon president.

Doug McMillon, the long-serving CEO of Walmart, has announced his retirement, effective next year. His departure comes as a surprise, as he is only 59 years old. The retail giant's board will now search for a successor to lead the company. During McMillon's tenure, Walmart's stock has significantly outperformed its rivals, increasing by 312%. His leadership strategies have been credited with keeping Walmart at the top of the retail industry. As McMillon steps down, investors are watching Walmart's stock performance closely.

Walmart CEO Doug McMillon has announced his retirement, effective January 2026. After nearly 12 years at the helm of the world's largest retailer, McMillon will step down, making way for the current head of Walmart's U.S. division, John Furner, to take over as the new CEO.