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
- World Bank: Rich Countries Must Curb Emissions
- Airport Garners Social Media Award
- Social Media Campaign Increases Organ Donor Registrations
- What Will Happen When Quantitative Easing Ends?
- Immigration Reform Would Decrease U.S. Budget Deficit
- MillerCoors Taps New Hispanic Ad Agency
- Aetna Leaving California's Individual Health Insurance Market
- Conference Slated for Hispanic Tech Startups
- Tea Party Wants to 'Audit the IRS'
- Calories Count: Starbucks to Post the Numbers on Menu Boards