BENTONVILLE, AR - For the second time in less than a year, Walmart has announced major managerial changes.

According to Reuters, last Friday, January 13, the company circulated an internal memo stating that it will reshuffle its executive structure—for the second time since August of 2016, when the company acquired Jet.com.

The company intends to extend broader authority to Nate Faust, former head of Jet, in an effort to integrate the management of brick-and-mortar and online operations.

In November of 2016, Walmart announced a number of management changes and tasked Faust with leading fulfillment operations for both Jet.com and Walmart.com. Analysts expect the latest changes to Walmart’s executive structure to continue the integration of Jet into its broader business.

Among the other changes described in the company’s announcement, Jeremy King, Walmart’s current CTO of Global E-commerce, will now oversee technology teams for the retailer’s physical stores as well as its ecommerce business.

Michael Bender, COO for E-commerce, will be leaving the company. As will current Chief Information Officer Karenann Terrell, who will be replaced by GE Power executive Clay Johnson come February.

Tony Rogers, CMO of Walmart, will now be responsible for overseeing online marketing efforts as the retailer makes strides to grow its online presence.

Walmart surpassed $14 billion in e-commerce sales last year, but those sales remain sluggish when compared to sales at the retailer’s physical stores.

Will these new changes have serious reverberations in e-commerce—and fresh food sales in general? Stay tuned to AndNowUKnow for further developments. 

Walmart