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).



“Kevin’s entrepreneurial background and his technical and digital expertise will be invaluable as we further connect with customers and deploy new capabilities through e-commerce and mobile channels,” said Walmart chairman Rob Walton. “Walmart is investing in e-commerce capabilities through talent, technology and fulfillment. Kevin’s passion and deep knowledge of social media align with our focus to engage customers through our digital and physical channels.”



“Walmart has had a profound impact as a global leader in retail,” Systrom said. “It’s an honor to join the Walmart board and have an opportunity to help provide more convenient and flexible ways for people to shop.”



Founded in 2010, Instagram was acquired by Facebook in August 2012. As CEO, Systrom has overseen the social media platform’s growth to more than 200 million monthly active accounts. A native of Massachusetts, Systrom has a B.S. in management science and engineering from Stanford University.