Walmart (Bentonville, Ark.) has named John Furner, currently head of Sam’s Club, as the new CEO for its U.S. business, reports Fortune. He will begin the new role on Nov. 1 and replaces Greg Foran, who has been CEO since 2014.
"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," Walmart Inc. CEO Doug Millon said in a statement.
Furner first joined Walmart in 1993 as a store employee; he has also served as chief merchant and marketing officer at Walmart China and chief merchant at Sam’s Club.