TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Walmart.com replaces chief of U.S. operations

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

Daily Photo Galleries

By The Associated Press
Wednesday, June 11, 2014, 12:01 a.m.
 

Walmart.com U.S. CEO and President Joel Anderson is leaving at the end of the month to take a job as president of discount-store chain Five Below Inc.

Anderson, who was in his role for three years, will be succeeded by Fernando Madeira, who will take on a bigger role, according to a memo sent to Wal-Mart Stores Inc. employees.

Madeira, president and CEO of Latin America at Walmart.com, will be assuming a new role leading Walmart.com in America, Latin America and any other growth areas.

Under Madiera's leadership, Brazil's business has grown twice as fast as the market, while increasing traffic four-fold, according to the memo.

Wal-Mart said Anderson's last day at the world's largest retailer will be June 20.

Madiera, who was based in Sao Paolo, Brazil, will move to San Bruno, Calif., where the global e-commerce operations are based. He will continue to report to Neil Ashe, president and CEO of Wal-Mart's global e-commerce division.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Business Headlines

  1. Financial planning for disabled people a little-tapped field
  2. AT&T evolves beyond phones
  3. Murray Energy expects to lay off as many as 1,800 more
  4. This robot is cute, artificially intelligent and employed
  5. Taxes matter in  fund investing, even when there’s no bill
  6. How to cover work history gaps
  7. Home sales slipped in April on tight supply, high prices
  8. FAA: Cockpit email system reduces delays
  9. Murray, Alpha notify West Virginia coal miners of layoffs
  10. Credit cards with chips no fraud fix, experts say
  11. Developer hopes to make Allegheny Center a tech hub