Walmart’s longtime chief executive, Doug McMillon, will step down on Jan. 31, the company said on Friday. John Furner, who has been president and chief executive officer of Walmart’s U.S. division, will become the retailer’s new chief executive.

NEW YORK — Walmart CEO Doug McMillon, who turned America’s largest retailer into a tech-powered giant and spearheaded a period of robust sales growth since becoming chief executive in 2014, plans to r...

The world’s biggest retailer said in a regulatory filing on Friday that John Furner would take the reins on February 1, bringing an end to McMillon’s 11-year run as chief, during which time the compan...