Wal-Mart Stores Inc. today announced that Eduardo Castro-Wright, 56, Vice Chairman and CEO of the company's Global eCommerce and Global Sourcing businesses, will retire on July 1, 2012.
Castro-Wright joined Walmart in 2001 as president and COO of Walmart Mexico in 2003.
"He has been a strong advocate for our customers and in every assignment has brought passion and commitment to the job. He has also built talented teams wherever he has led," said Walmart CEO Mike Duke in a statement. "Our goal is to name new leadership for these businesses by the end of our fiscal year, after which Eduardo will assist in the transition on a reduced time basis."
Duke went on to say that he is pleased with the progress of the company's global eCommerce business as well as Walmart.com business in the U.S.
"We are aligned on a strategy that leverages our brand and reach around the world," he said. "I also am pleased with the extraordinary collection of talent we have assembled at Global eCommerce, leaders with strong records of accomplishment in their fields. These leaders, and the associates on their teams, have my full confidence as they continue to drive innovation and product creation that will help define a new era in the retail multichannel space."
Duke said that the digital commerce is more important than ever to the future growth and success of its company.
"We are well-positioned to win in this area and I am personally excited about our opportunities to continue serving our next generation customer," he said.
Most Popular Stories
- Hezbollah Chief's Assassination Claimed by Sunni Group
- SpaceX's Satellite Launch Is 'Game-Changer'
- Allstate Seeks to Invest in Minority Firms
- U.S. Growth Stayed Steady During Shutdown, Fed Says
- Newtown Massacre Heard on 911 Recordings
- Climate Change Early Warning System Urged
- Latin Music Conference Turns 25
- New Home Sales Shoot up 25 Percent in October
- Reid Confident Congress to Pass Immigration Bill
- Liberty Power Gets Minority Business Nod