Wal-Mart names Instagram co-founder to board

Bentonville, Ark. -- Wal-Mart Stores has appointed Kevin Systrom, CEO and co-founder of photo-sharing service Instagram, as a new member of the company’s board, effective Sept. 26. Systrom will also serve as a member of the retailer’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



Systrom is currently CEO of Instagram, which was acquired by Facebook in 2012, where he is responsible for its day-to-day operations and has overseen its growth to more than 200 million monthly active accounts.



“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.”