• The Wall Street Journal reports that in the wake of Walmart's $3.3 billion acquisition of Jet and installation of Jet founder Marc Lore as leader of all its digital operations, there is some churning of the ranks.
According to the story, " The departures include Fernando Madeira, head of Walmart.com, and Brent Beabout, senior vice president of e-commerce supply chain, a spokesman said. Mr. Beabout left in recent weeks and will be succeeded by Jet.com co-founder Nate Faust, who will lead fulfillment operations for Jet.com and Walmart.com. Mr. Fernando will leave after helping Wal-Mart with its Brazilian website and several other projects."
More changes are expected to follow as Lore evaluates the organization and seeks to remake it to his own liking.
According to the story, " The departures include Fernando Madeira, head of Walmart.com, and Brent Beabout, senior vice president of e-commerce supply chain, a spokesman said. Mr. Beabout left in recent weeks and will be succeeded by Jet.com co-founder Nate Faust, who will lead fulfillment operations for Jet.com and Walmart.com. Mr. Fernando will leave after helping Wal-Mart with its Brazilian website and several other projects."
More changes are expected to follow as Lore evaluates the organization and seeks to remake it to his own liking.
- KC's View:
