Walmart Inc. WMT 0.12%increase; green up pointing triangle 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.
Source: WSJ
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