Wal-Mart shakes up e-commerce leadership

Bentonville, Ark. -- According to reports by Reuters and Bloomberg on Friday, Wal-Mart Stores is transferring management of its e-commerce business to store-level leadership in developed countries and said that two online executives are leaving the company.



According to the reports, e-commerce leaders in markets such as the United States, Canada and the United Kingdom, will now report directly to the heads of stores in those countries instead of global e-commerce executive Eduardo Castro-Wright.



The reports, based on an internal Wal-Mart memo provided to Bloomberg News, said that Raul Vazquez, who leads the developed markets group in global e-commerce, and Steve Nave, head of Walmart.com in the United States, are leaving the company.



The reorganization comes a year after Castro-Wright took charge at the online unit.