Walmart CEO Doug McMillon has retired.

Walmart (WMT) announced on Friday that retail giant Doug McMillon will retire as CEO. During his time at Walmart, McMillon led the company through significant changes and innovations.

McMillon accelerated Walmart's digital transformation, making important strides in the e-commerce sector. He helped the company maintain its leading position in the retail industry.

With the retirement process, Walmart will begin the search for a new leader as CEO. The legacy McMillon leaves behind will be an important reference point for future executives.