Nov. 14 (UPI) -- Walmart announced Friday that its president and CEO Doug McMillon is retiring and will be replaced by John Furner. McMillon, 59, will retire at the end of January, and Furner, 51, will step in. Furner began his Walmart journey as an hourly associate in 1993 and has steadily climbed the Walmart ladder, according to a company press release . He is now serving as president and CEO of Walmart U.S. since 2019, which is the company's largest market with more than 4,600 stores.