Report: Walmart’s e-commerce head dispels exit rumors

Mark Lore is setting the record straight.

Lore, president and CEO of Walmart e-commerce U.S., is shooting down rumors that he was stepping down from his new post. Not only is he staying at Walmart, he is currently spearheading a website redesign, reported CNBC.

The founder found himself in the center of the rumor mill following the report of Walmart’s fourth quarter earnings results that revealed online sales grew 23% for the period, compared to a 50% increase in the prior quarter.

“l feel like we are just getting started," Lore told CNBC. "I think we are having a ton of fun. ... We are making great progress on the value proposition.”

To read more, click here.