By The Arkansas Black Vitality Staff

BENTONVILLE, Ark., Dec. 9, 2025 — Only weeks after announcing the election of a new CEO, Walmart Inc. completed the listing transfer of its common stock and bonds to t Nasdaq and began trading on the tech-friendly stock exchange on Dec. 9. The transfer of the company’s stock from the tradition New York Stock Exchange marks a new chapter in the company’s 63-year history of growth, innovation, and long-term value creation for shareholders, company officials said.

“Our decision to list on Nasdaq reflects Walmart’s deep commitment to innovation and growth as a people-led, tech-powered omnichannel retailer,” said Doug McMillon, president and CEO of Walmart. “Nasdaq’s focus on technology and its support for companies driving digital transformation align perfectly with our strategic vision. This is an exciting next chapter as we continue building a frictionless future for our customers, members, associates, and shareholders.”

McMillon said the surprising move by the Bentonville retail giant follows an evaluation of several factors, including trading execution, brand alignment, and a shared focus on technology-driven innovation to support Walmart’s position as the world’s leading omnichannel retailer. As Walmart continues to define and lead the future of global retail, the company is confident that Nasdaq provides the optimal market platform to support its ambitions and continue driving returns for shareholders.

“Walmart continues to set new standards in convenience, value, and choice, leveraging technology to make retail simpler and more connected,” said Adena Friedman, Chair and CEO of Nasdaq. “We are proud to support Walmart’s next era of growth as they drive innovation at scale and redefine how communities worldwide engage with commerce.”

Walmart’s journey in the public markets began on October 1, 1972 when the company listed on the New York Stock Exchange at $16.50 per share. Over the decades, Walmart has demonstrated strong, consistent growth driven by innovation in retail, supply chain, and digital commerce. As the business expanded rapidly in the 1970s through the 1990s, Walmart completed multiple stock splits to broaden its shareholder base and support growing investor demand. These actions, 12 stock splits in total, the most recent in 2024, reflected the company’s momentum and its commitment to accessible ownership for associates and long-term investors. Walmart has also increased its annual dividend for more than 40 consecutive years, underscoring its financial strength and dedication to delivering consistent returns.

As Walmart looks ahead, the company is preparing for its next leadership chapter, with John Furner set to become CEO on Feb. 1, 2026. Less than a month ago, Walmart’s Board of Directors on Nov. 14 elected Furner, 51, to succeed McMillon, 59, as resident and CEO of the world’s largest retailer. Furner was also elected to the company’s Board of directors, effective immediately. McMillon will retire on January 31, 2026, but remain on the Board of Directors until the next annual shareholders’ meeting and help ensure a smooth transition.

Under Furner’s leadership, Walmart will continue to advance its tech-powered vision, modernize its operations, and enhance the shopping experience for customers and members around the world. “We are excited for what lies ahead,” McMillon added. “With John Furner as CEO, Walmart will continue to innovate and evolve with a relentless focus on customers, technology, and data-driven decision making.”

Furner has served as President and CEO of Walmart U.S. since 2019, overseeing the company’s largest operating segment and its more than 4,600 stores. He began his Walmart career as an hourly associate in 1993 and has held leadership roles across merchandising, operations and sourcing. He has lived and worked in multiple countries and served as President and CEO of Sam’s Club U.S. Known for his collaborative leadership style, Furner has championed associate development, digital innovation, and operational excellence throughout his tenure.

As the company has done with previous CEO transitions, McMillon will stay on the Board until June, in addition to staying on as an advisor to Furner through FY2027. The company plans to make an announcement on Furner’s successor as CEO of Walmart U.S. before the end of FY2026.