Walmart.com replaces chief of U.S. operations
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.
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.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Harmar developer sells 15 hotels in Western Pa., West Virginia
- Wesco cautious, reaffirms guidance
- Rice Energy spin-off priced below expected range
- Alcoa buying jet engine components maker Tital to help expand aerospace unit
- Fed emphasizes patient approach on rate increases
- Consumer prices drop aside gas cost plunge
- EDMC accused in GI Bill scheme
- Natural gas groups says increase in Pennsylvania taxes would bring dire results for economy
- Federated Investors forecasts optimistic scenario for growth in economy, markets
- FedEx to buy product-return firm Genco in e-commerce push
- Stock market jumps as Fed pledges patience in rate hikes