Report: Wal-Mart CIO to leave

Wal-Mart Stores is reportedly losing its top technology executive.



Karenann Terrell will step down as CIO of Wal-Mart on February 24, the Wall Street Journal reported. Terrell has served in the position for nearly five years.



The retailer, which did not say where Terrell is headed, expects to announce new leadership in technology “shortly,” according to the report.



Terrell joined Wal-Mart in 2010 as executive VP of information systems after serving four years as CIO of health-care firm Baxter International Inc. She was promoted to chief information officer in February 2012.



Prior to Baxter, Terrell was CIO of the Chrysler Group and Mercedes-Benz North America. She began her career with General Motors.