New Delhi, Nov. 14 -- US-based multinational retail giant, Walmart President and CEO, Doug McMillon, has decided to step down from his position on 31 January 2026, as the current EVP and the head of Walmart's U.S. operations is set to replace the executive.

"On 11 November 2025, C. Douglas McMillon, president and chief executive officer of Walmart Inc., notified the company that he will retire from his position as president and chief executive officer, effective on the close of business on 31 January 2026," according to Walmart's filing.

According to the data collected from Quiver Quantitative, Douglas Mcmillon's net worth stands at at least $541.1 million as of 29 October 2025.

The millionaire President and CEO of Walmart, Doug McMill...