Walmart Names John Furner President & CEO of Walmart U.S.
October 10 2019 - 4:20PM
Business Wire
Doug McMillon thanks Greg Foran for successful
tenure
Today, Walmart announced that John Furner will become the
President and Chief Executive Officer of Walmart U.S., following a
successful five years for the business segment under Greg Foran.
Furner will report directly to Walmart President and CEO Doug
McMillon, and the move will be effective November 1. Foran, who is
taking a role as CEO at Air New Zealand Limited, will stay on with
Walmart through January 31 to ensure a smooth transition.
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John Furner named President & CEO,
Walmart U.S. (Photo: Business Wire)
“John has done a fantastic job at Sam’s Club, and he will
continue the momentum we have in Walmart U.S.,” said McMillon.
“John knows our business well, having held many different jobs in
the company over more than 25 years, and he is helping transform it
for the future. He has the experience and judgment to know what we
should continue doing and what we should change. He embraces
technology and new ways of working, and he keeps our customers and
Sam’s Club members at the center of everything we do, while
delivering results for the business. I look forward to seeing his
impact for our customers and associates in Walmart U.S.”
Furner, 45, started with Walmart as an hourly associate in 1993,
working part-time in the garden center of a supercenter. He worked
his way up through a number of frontline leadership roles, later
becoming a store manager, district manager and buyer. He has held
leadership roles in operations, merchandising and sourcing in
Walmart U.S., Sam’s Club and Walmart International, where he served
at Walmart China as chief merchandising and marketing officer.
Prior to becoming Sam’s Club CEO in 2017, he was chief
merchandising officer for Sam’s Club. Furner will partner with
Walmart U.S. eCommerce CEO Marc Lore, who also reports to McMillon,
to deliver a seamless omnichannel experience for Walmart’s U.S.
customers.
“I’m grateful for this opportunity and ready to get started,”
said Furner. “There’s no better place than Walmart U.S. to touch
the lives of millions of customers and associates. Together with
the team, we will build on the progress under Greg’s leadership and
continue to make Walmart an even better place to work and shop. I
also want to thank the Sam’s Club team. My years with you have been
amazing.”
“Greg Foran has made a huge difference for Walmart, and we are
grateful.” said McMillon. “He built a strong plan from the
beginning to strengthen the U.S. business – a plan that made
significant choices around investing in wages and benefits for
associates and investing in price for customers. Greg’s ability to
innovate, whether it’s making our stores a competitive advantage in
an omnichannel environment or equipping associates with next
generation technology and training, has helped position us for the
future. The results have been impressive – every quarter he led
Walmart U.S. it has had positive comps. Before leading us to a
stronger position in the U.S., he did the same thing in China. We
will miss Greg and thank him for his leadership. He has made a
difference for our customers, associates and shareholders.”
Foran is leaving Walmart for an opportunity to lead Air New
Zealand Limited. He has served as CEO of Walmart U.S. since August
2014, and he first joined Walmart in October 2011.
“It has been an honor to lead the team at Walmart U.S.,” said
Foran. “I’m proud of what we’ve been able to achieve at a unique
moment for retail and want to thank the associates who made it
happen. It is bittersweet to leave Walmart, but this incredible
opportunity to lead an iconic Kiwi brand was one I could not pass
up, and I’m looking forward to this next chapter.”
The company will announce Furner’s successor as President and
CEO of Sam’s Club at a later date.
About Walmart
Walmart Inc. (NYSE: WMT) helps people around the world save
money and live better - anytime and anywhere - in retail stores,
online, and through their mobile devices. Each week, over 275
million customers and members visit our more than 11,300 stores
under 58 banners in 27 countries and eCommerce websites. With
fiscal year 2019 revenue of $514.4 billion, Walmart employs over
2.2 million associates worldwide. Walmart continues to be a leader
in sustainability, corporate philanthropy and employment
opportunity. Additional information about Walmart can be found by
visiting http://corporate.walmart.com, on Facebook at
http://facebook.com/walmart and on Twitter at
http://twitter.com/walmart.
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