© Archyde.com. FILE PHOTO: President and CEO of Walmart Doug McMillon takes part in a strategic and policy CEO discussion with U.S. President Donald Trump in the Eisenhower Execution Office Building in Washington, U.S., April 11, 2017. REUTERS/Joshua Roberts/File Photo
(Corrects last paragraph to say last week, not Tuesday. Also corrects grammatical error in third paragraph)
(Archyde.com) -Walmart Inc Chief Executive Doug McMillon, 56, plans to helm the country’s largest retailer for at least three more years as the company continues work to identify a successor, the Wall Street Journal reported on Thursday.
McMillon’s plans to stay in the role for more than a decade will extend the company’s timeline for finding its next leader, the report added, citing people familiar with the matter.
Walmart (NYSE:) did not immediately respond to a Archyde.com request for comment.
The WSJ said Kathryn McLay, 49, the head of Walmart warehouse chain Sam’s Club, is also among those seen as potential candidates.
Walmart last week struck a cautious note in its economic outlook for 2023 as the retail bellwether forecast full-year earnings below estimates and warned that tight spending by consumers could pressure profit margins.