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Now, the largest U.S. company by revenue is counting on him to guide it through its next chapter.CEO Doug McMillon on Friday announced his retirement after a decade as leader of the No. 1 company on the Fortune 500. His last day will be Jan. 31.Furner, 51, started his Walmart journey at a garden center in the company’s hometown of Bentonville, Ark., but will, starting in February, now take on the task of leading the company’s 2.1 million employees and operations at its nearly 11,000 stores across 19 countries.After studying marketing management at the University of Arkansas, Furner rose through the ranks at Walmart from store manager to district manager and buyer, then on the corporate side as divisional general manager, and VP of global sourcing. He even spent two years in Shenzhen with Walmart China running merchandising and marketing.Most recently he served in high-profile positions as president and CEO of first Sam’s Club and then Walmart U.S.“John understands every dimension of our business—from the sales floor to global strategy. He has proven he can deliver results while living our values,” Greg Penner, Walmart’s chairman of the board, said in a statement.On his way out the door, McMillon also gave credit to Furner, who he said he has worked closely with for 20 years.“He loves this company and his fellow associates, he deeply understands our business so well, and he has the right characteristics to lead us into the future. He’s a merchant, an operator, an innovator and a builder,” McMillon said Friday in a post on LinkedIn.In part because of his humble beginnings as a store associate, Furner has during his tenure helped oversee a massive reworking of how Walmart pays its store managers. In an effort to boost morale and retention, Walmart offered its highest performing managers pay packages worth between $420,000 and $620,000 per year.The workers’ base salary was raised to between $130,000 and $160,000—more than double the median yearly salary of an American worker. The rest is made up of large stock grants and annual bonuses, which Furner said was meant to “make managers feel like owners.”The company also brought back a bonus program for store employees. Some qualifying employees could potentially earn up to $1,000 per year from the program based on their years of service, according to the company.Even as AI threatens the jobs of workers across industries, Furner has said its employee count over the coming five years will remain steady even if workers are more productive. 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