Walmart CEO plans to stay in role for at least three more years – WSJ


(Reuters) -Walmart Inc Chief Executive Doug McMillon, 56, plans to helm the country’s largest retailer for at least three more years as the company continues work to identify a successor, the Wall Street Journal reported on Thursday.

McMillon’s plans to stay in the role for more than a decade will extend the company’s timeline for finding its next leader, the report added, citing people familiar with the matter.

Walmart did not immediately respond for a Reuters request for comment.

The WSJ said Kathryn McLay, 49, the head of Walmart warehouse chain Sam’s Club, is also among those seen as potential candidates.

Walmart struck a cautious note in its economic outlook for 2023 on Tuesday as the retail bellwether forecast full-year earnings below estimates and warned that tight spending by consumers could pressure profit margins.


(Reporting by Granth Vanaik in Bengaluru; Editing by Shinjini Ganguli)