Wal-Mart Stores, Inc. (NYSE: WMT) today announced that its Board of
Directors has appointed Kevin Systrom, an entrepreneur, software
engineer and co-founder of photo-sharing service Instagram, as a new
member of the company’s Board, effective Sept. 26. Systrom became the
15th member of the Board and will also serve as a member of the
company’s Technology and eCommerce 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.”
Systrom, 30, is best known as CEO and co-founder of Instagram, the
photo-and-video sharing social networking service. Founded in 2010,
Instagram was acquired by Facebook in August 2012. Systrom is currently
CEO of Instagram, where he is responsible for its day-to-day operations
and has overseen its growth to more than 200 million monthly active
accounts.
A native of Massachusetts, Systrom holds a B.S. in management science
and engineering from Stanford University. Since 2011, Systrom has
consistently been ranked in lists such as Fortune's 40-under-40
and TIME’s 100 most influential people.
About Walmart
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save
money and live better – anytime and anywhere -- in retail stores,
online, and through their mobile devices. Each week, more than 250
million customers and members visit our 11,053 stores under 71 banners
in 27 countries and ecommerce websites in 11 countries. With fiscal year
2014 sales of over $473 billion, Walmart employs approximately 2 million
associates worldwide. Walmart continues to be a leader in
sustainability, corporate philanthropy and employment opportunity.
Additional information about Walmart can be found by visiting http://corporate.walmart.com
on Facebook at http://facebook.com/walmart
and on Twitter at http://twitter.com/walmart.
Copyright Business Wire 2014