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Walmart adds Instagram CEO and co-founder to board
Walmart continues to deploy new capabilities through e-commerce and mobile channels — and as part of its digital agenda, the board has added Instagram CEO and co-founder Kevin Systrom to its ranks.
The entrepreneur, software engineer and co-founder of photo-sharing service Instagram has become the 15th member of the board. Systrom will also serve as a member of the company’s technology and e-commerce committee and its compensation, nominating and governance committee (CNGC).
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Pineville Commercial Realty buys North Carolina shopping center
Northbrook, Ill. - Pine Tree Commercial Realty LLC has acquired Riverbend Marketplace, a regional shopping center located in Asheville, North Carolina, in partnership with Wanxiang America Real Estate Group. The 142,617-sq.-ft. shopping center is shadow-anchored by Walmart, anchored by Kohl’s and Petsmart, and features 110,715-sq.-ft. of national best-in-class retailers.