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Report: Walmart's chief technology officer to leave

[caption id="attachment_480955" align="alignright" width="205"] Jeremy King[/caption]

The person who helped transform Walmart from a retailer to an omnichannel behemoth is leaving the company for a "new adventure."

Walmart CTO Jeremy King will depart effective March 29, according to Reuters, King’s departure was announced in an internal Walmart corporate memo from Walmart CEO Greg Foran and president and CEO of U.S. e-commerce Marc Lore. The memo, as reported by CNBC, praised King for enabling the success of Walmart’s technology team and introducing more agile work methods, as well as for helping create relationships with tech companies like Microsoft and Google.

The reports do not specify a reason for King leaving the company, or whether it was his own decision. The memo states that he has decided to leave "for a new adventure."

Reuters reports that Fiona Tan, who currently serves as senior VP of customer technology for the retailer’s Walmart Labs innovation center, will serve as a liaison for Walmart Labs and the company’s U.S. retail division and U.S. e-commerce executives until a new CTO is hired.

King is leaving Walmart as the retailer is making substantial efforts to compete with Amazon in the e-commerce space. Walmart has publicly stated it expects growing e-commerce losses during 2019 as it continues ramping up investments in online retailing.

King joined Walmart as CTO and senior VP of Walmart Labs in July 2011. He assumed his current position in January 2017. During his tenure with Walmart, King has overseen efforts such as offering in-store pickup of online orders, moving technology operations to the cloud, and revamping in-store technology systems.
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