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Walmart Appoints John Furner as President and CEO of Walmart USA



BENTONVILLE, Ark .- ( BUSINESS WIRE ) – Walmart announced today that John Furner will be Gregor Foran after five successful years for the business segment of Walmart US President and Chief Executive Officer. Furner reports directly to Walmart President and CEO Doug McMillon. The change will take effect on 1 November. Foran, who will assume a role as CEO of Air New Zealand Limited, will remain with Walmart until 31 January to ensure a smooth transition.

"John did a fantastic job at Sam's Club and he will continue the momentum that we have in Walmart USA," McMillon said. "John knows our business well, has done many different jobs in the business for over 25 years and is helping to transform it into the future. He has the experience and judgment to know what we continue to do and what we should change. It stands for technology and new ways of working, and keeps our customers and Sam's Club members at the center of our actions while delivering results for the business. I look forward to seeing its impact on our customers and employees in Walmart USA. "

The 45-year-old Furner began in 1

993 as an hourly employee at Walmart and worked part-time in the garden center of a super center. He worked his way up the front line through a number of leadership positions and later became a store manager, district manager, and buyer. He has held senior operations, merchandising and sourcing roles at Walmart USA, Sam's Club and Walmart International, where he served as Chief Merchandising and Marketing Officer at Walmart China. Before becoming CEO of Sam's Club in 2017, he was Chief Merchandising Officer of Sam's Club. Furner will work with Marc Lore, eCommerce CEO of Walmart USA, who also reports to McMillon to provide Walmart's US customers with a seamless omnichannel experience.

"I am grateful for this opportunity and ready to get started," said Furner. "There is no better place than Walmart USA to touch the lives of millions of customers and employees. Together with the team, we will build on the progress under Greg's leadership and make Walmart an even better place to work and shop. I also want to thank the Sam's Club team. My years with you were incredible. "

"Greg Foran made a big difference to Walmart, and we're thankful," said McMillon. "Right from the start, he set up a strong plan to strengthen the US business – a plan that made important decisions about investing in employee wages and benefits and investing in the price of customers. Greg's drive for innovation equips us for the future, whether it's about making our stores competitive in a omnichannel environment, or equipping people with next-generation technologies and training. The results were impressive – every quarter, as he led Walmart USA, he had positive results. Before he led us to a stronger position in the US, he did the same in China. We will miss Greg and thank him for his guidance. He has made a difference for our customers, employees and shareholders. "

Foran leaves Walmart to head Air New Zealand Limited. He has been CEO of Walmart USA since August 2014 and came to Walmart for the first time in October 2011.

"It was an honor to lead the team at Walmart USA," said Foran. "I'm proud of what we've achieved in a unique retail moment and want to thank the people who made it, it's bittersweet to leave Walmart, but this incredible opportunity, an iconic kiwi brand I could not miss it and am looking forward to this next chapter. "

The company will announce Furners 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, anywhere at retail stores, online and on their mobile devices. Each week, more than 275 million customers and members visit our more than 11,300 stores with 58 banners in 27 countries and e-commerce sites. With sales of $ 514.4 billion in fiscal year 2019, Walmart employs over 2.2 million people worldwide. Walmart remains a leader in sustainability, corporate philanthropy and employment opportunities. More information about Walmart can be found at http://corporate.walmart.com, on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmart . ,


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