He will succeed Greg Foran effective November 1

BENTONVILLE — Walmart said Thursday that John Furner will become the president and chief executive officer of Walmart U.S., effective November 1.

John Furner

Furner, who currently serves as president and CEO of Sam’s Club, will succeed Greg Foran, who has led Walmart U.S. for five years. Foran is leaving Walmart to become CEO at Air New Zealand Limited, but will stay on with Walmart through January 31 to ensure a smooth transition.

Furner will report directly to Walmart President and CEO Doug McMillon.

“John has done a fantastic job at Sam’s Club, and he will continue the momentum we have in Walmart U.S.,” McMillon said in a statement. “John knows our business well, having held many different jobs in the company over more than 25 years, and he is helping transform it for the future. He has the experience and judgment to know what we should continue doing and what we should change. He embraces technology and new ways of working, and he keeps our customers and Sam’s Club members at the center of everything we do, while delivering results for the business. I look forward to seeing his impact for our customers and associates in Walmart U.S.”

Furner, 45, started with Walmart as an hourly associate in 1993, working part-time in the garden center of a Supercenter. He worked his way up, becoming a store manager, district manager and buyer. He has since held leadership roles in operations, merchandising and sourcing in Walmart U.S., Sam’s Club and Walmart International, where he served at Walmart China as chief merchandising and marketing officer. He was chief merchandising officer for Sam’s Club prior to being named CEO of the warehouse club division.

Greg Foran

In his new role, Furner will partner with Walmart U.S. eCommerce CEO Marc Lore, who also reports to McMillon, to deliver a seamless omnichannel experience for Walmart’s U.S. customers, the company said.

“I’m grateful for this opportunity and ready to get started,” Furner said. “There’s no better place than Walmart U.S. to touch the lives of millions of customers and associates. Together with the team, we will build on the progress under Greg’s leadership and continue to make Walmart an even better place to work and shop. I also want to thank the Sam’s Club team. My years with you have been amazing.”

McMillon said he was grateful for the job Foran has done at Walmart.

“He built a strong plan from the beginning to strengthen the U.S. business – a plan that made significant choices around investing in wages and benefits for associates and investing in price for customers,” McMillon said. “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. The results have been impressive – every quarter he led Walmart U.S. it has had positive comps. Before leading us to a stronger position in the U.S., he did the same thing in China. We will miss Greg and thank him for his leadership. He has made a difference for our customers, associates and shareholders.”

Foran first joined Walmart in October 2011 and has served as CEO of Walmart U.S. since August 2014.

“It has been an honor to lead the team at Walmart U.S.,” Foran said. “I’m proud of what we’ve been able to achieve at a unique moment for retail and want to thank the associates who made it happen. It is bittersweet to leave Walmart, but this incredible opportunity to lead an iconic Kiwi brand was one I could not pass up, and I’m looking forward to this next chapter.”

Walmart said it would announce Furner’s successor as president and CEO of Sam’s Club at a later date.