Retail

Walmart Shakes Things Up Again

Last Friday, Walmart announced its second management shuffle in less than a year since it acquired eRetailer Jet.com back in Aug. 2016. The most recent changes come as part of a broader push to catch up to online retail giant Amazon, securing Walmart a larger slice of the coveted eCommerce pie.

This time around, the major U.S. retailer has reportedly integrated the management of its brick-and-mortar outlets and online shopping operations by extending broader authority to Nate Faust, former head of Jet.

Among the new changes to management, Walmart announced that Jeremy King, CTO of global eCommerce, will now oversee technology teams for both the retail giant’s physical retail stores and its growing eCommerce business. Additionally, the company announced that Michael Bender, COO for eCommerce, will be leaving the company.

Tony Rogers, CMO of Walmart in the United States, is now tasked with overseeing online marketing efforts. The company has also reportedly appointed GE Power executive Clay Johnson to chief information officer, replacing current CIO Karenann Terrell come February.

In November of last year, Walmart announced a number of management changes, announcing that Faust would be tasked with leading fulfillment operations for both Jet.com and Walmart.com. Analysts expect such executive shuffles to continue as Walmart keeps integrating Jet.com into its business.

Walmart’s eCommerce operations have been sluggish when compared to its physical store performance. While Walmart racked up $14 billion in eCommerce sales last year, that’s still not enough to beat Amazon.

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