Walmart CEO Likely To Stay In The Role For At least Three Years: Report

Walmart Inc WMT Chief Executive Officer Doug McMillon reportedly plans to stay in the position for at least three more years, while a search for the successor goes on.
His plans to stay in the role for more than a decade will extend the company’s timeline for finding its next leader, the WSJ reported.
The company, in recent years, has raised many of its executives to the roles, making them likely successors to McMillon.
McMillon received $25.7 million in compensation for the fiscal year ended January 2022.
The company reported fourth-quarter FY23 sales growth of 7.3% year-on-year to $164 billion.
The Walton family holds about 47% of the stock, making them Walmart’s biggest shareholder, with three board seats.
Price Action: WMT shares are trading lower by 0.06% at $140.41 in premarket on the last check Friday.