Seeking Alpha

WSJ: Wal-Mart names new e-commerce chief

  • The WSJ reports Fernando Madiera, head of Wal-Mart's Latin American e-commerce ops, will now be the global head of Walmart.com, per a company memo.
  • In tandem with Madiera's promotion, U.S. Walmart.com chief Joel Anderson will be stepping down.
  • Wal-mart has forecast its e-commerce sales will hit $13B this year.
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