Adds Walmart, Target
Nov 14 (Reuters) - Walmart WMT.N said CEO Doug McMillon would retire next year and that insider John Furner would succeed him as the retailer's top boss.
The move is the latest in a string of leadership changes sweeping through the retail sector as companies tackle tariff pressures, an uncertain economy and a choppy consumer spending backdrop.
Here are some examples of major CEO changes among global consumer goods companies in the past year.
Company | Date of Announcement | Details |
Walmart WMT.N | November 14, 2025 | The company said McMillon, who has been heading the retail bellwether since 2014, will retire in January 2026. Furner, McMillon's successor, currently serves as CEO of Walmart U.S. and has held leadership roles at the company. |
Nestle NESN.S | August 23, 2025 | Nestle dismissed its CEO, Laurent Freixe, a year after appointing him, following an investigation into an undisclosed romantic relationship with a direct subordinate that breached the company's code of conduct. Freixe was replaced by Philipp Navratil, CEO of Nestle Nespresso, on September 1. |
Target TGT.N | August 20, 2025 | The retailer named longtime company veteran Michael Fiddelke as its CEO, replacing retail industry bigwig Brian Cornell, effective February 1, 2026. |
Procter & Gamble PG.N | July 28, 2025 | Procter & Gamble CEO said CEO Jon Moeller is stepping away from the role, to be succeeded by Chief Operating Officer Shailesh Jejurikar. |
Diageo DGE.L | July 16, 2025 | The Johnnie Walker whisky and Guinness beer maker's CEO, Debra Crew, stepped down after two years in the job, with finance chief Nik Jhangiani taking over in the interim. |
Kenvue KVUE.N | July 14, 2025 | The Band-Aid and Tylenol maker fired its CEO Thibaut Mongon, laying what some investors expect will be the groundwork for an eventual sale of the entire company or pieces of it, and named director Kirk Perry as interim CEO. |
Hindustan Unilever HLL.NS | July 10, 2025 | Hindustan Unilever named Priya Nair as managing director and CEO, replacing Rohit Jawa well before the completion of his five-year term as the company's chief. |
Hershey HSY.N | July 8, 2025 | Hershey named burger chain Wendy's WEN.O chief Kirk Tanner as its CEO, effective August 18, replacing Michele Buck, who is set to retire. |
Stanley Black & Decker SWK.N | June 30, 2025 | The power tools maker appointed operations chief Christopher Nelson as its next CEO and President, effective October 1, succeeding Donald Allan Jr., who is set to retire. |
Kohls KSS.N | May 1, 2025 | Kohl's fired CEO Ashley Buchanan after an investigation found he had pushed for deals with a vendor with whom he had a personal relationship, after little more than 100 days in the position. |
Unilever ULVR.L | February 25, 2025 | The company ousted chief executive Hein Schumacher, replacing him with finance chief Fernando Fernandez. |
(Reporting by Neil J Kanatt in Bengaluru; Editing by Alan Barona, Andrea Ricci and Anil D'Silva)
((Neil.JKanatt@thomsonreuters.com))