Wal-Mart Stores Losing Top Two Executives at Online Division
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Wal-Mart Stores Inc. is losing the two executives in charge of its online business as the world’s largest retailer works to win shoppers that are making more purchases over the Internet.
Eduardo Castro-Wright, a Wal-Mart vice chairman who ran global sourcing operations along with the online business, will retire in July, Bentonville, Arkansas-based Wal-Mart said today in a statement. Wan Ling Martello, Wal-Mart’s executive vice president of e-commerce, will replace Jim Singh as chief financial officer of Nestle SA, the food company said in a statement.