• The Wall Street Journal reports that Walmart CIO Karenann Terrell will leave the company at the end of February. No word on what Terrell will do after leaving the company, nor about the specifics of how Walmart plans to reorganize its technology leadership in the wake of her departure.
The Journal provides the following context for the leadership shifts: "Wal-Mart reorganized its IT operations a year ago, combining corporate IT with e-commerce into a single unit reporting to its then-head of e-commerce Neil Ashe. Mr. Ashe then left Wal-Mart in November as the retailer completed a $3.3 billion purchase of e-commerce startup Jet.com Inc. Marc Lore, founder of Jet.com, took over Wal-Mart’s e-commerce business.
"The Jet acquisition, along with the earmarking of $11 billion for e-commerce, digital initiatives and store remodels this fiscal year, are part of Wal-Mart’s plan to compete with Amazon.com Inc. Wal-Mart is the biggest corporate spender on IT, according to market researcher International Data Corp. It remains unclear whether the spending is enough to dampen the effects of competition..."