BENTONVILLE, Ark.—Doug McMillon, President and CEO of Walmart Inc. (NYSE:WMT), recently sold a significant portion of his holdings in the retail giant, ... and trusts for his children and wife.

With Doug McMillon, Walmart’s 56-year-old CEO, planning to stay in the role, the company has more time to name a successor at a complex time for the retail industry. Fox Business.

The children of Walmart founder Sam Walton own about half of all Walmart shares, ... The current CEO and president of Walmart Inc. is Doug McMillon, who assumed the position in 2014, ...