The outgoing Walmart CEO's tenure was marked by both sharp sales gains and stock growth.

The longtime CEO will be succeeded by John Furner, the Walmart U.S. CEO, on Feb. 1.Both changes take effect then.

Doug McMillon is handing over the reins of America's largest retailer to John Furner.

Walmart announced Friday that its president and CEO Doug McMillon is retiring and will be replaced by John Furner, president of Walmart U.S.

The outgoing Walmart CEO's tenure was marked by both sharp sales gains and stock growth.