Walmart's Longtime Leader Doug McMillon Announces Retirement
In a significant corporate development, Doug McMillon, the President and CEO of global retail giant Walmart Inc., has officially declared his decision to step down from his leadership role. According to the company's formal filing, McMillon will retire effective the close of business on January 31, 2026. The announcement, made on November 11, 2025, marks the impending departure of one of the retail industry's most influential figures.
The Financial Profile of a Retail Titan
Doug McMillon's financial standing is as substantial as his corporate role. Data from Quiver Quantitative reveals that as of October 29, 2025, his net worth is at least $541.1 million. A significant portion of this wealth is tied to his holdings in Walmart, where he owns approximately 4.8 million shares of the company's stock.
His compensation package for the year 2024 was equally impressive, totaling $27.4 million according to a Yahoo Finance report. This package was structured with a base salary of $1.5 million and performance-based incentive payments of $4.4 million. However, the bulk of his earnings came from stock awards valued at $20.4 million, which were contingent on the company meeting specific performance targets.
Stock Transactions and Market Performance
Further analysis of his financial activities shows that McMillon has been gradually diversifying his portfolio. Since 2021, the executive has sold 766,940 shares of Walmart stock, generating an estimated $83 million from these transactions over time.
The market has been actively responding to these corporate developments. As of the US stock market session on Friday, November 14, 2025, Walmart's stock price experienced a slight dip. According to MarketWatch data, the stock was trading at $101.23 at 10:53 a.m. EDT, representing a 1.28% decrease from its previous closing price of $102.54.
Leadership Transition and Personal Details
Doug McMillon, who was born on October 17, 1966, will be 59 years old at the time of this announcement and will conclude his tenure at age 60. The company has already identified his successor: the current Executive Vice President and head of Walmart's U.S. operations is set to take over the helm when McMillon steps down.
This leadership transition plan ensures a smooth handover process for the world's largest retailer, providing stability for the company's massive global operations and its millions of employees worldwide. The coming months will likely involve a comprehensive transition period as Walmart prepares for this significant change at the top.
