Walmart e-commerce head Marc Lore departing
The man who is credited with jumpstarting Walmart’s U.S. e-commerce operations and turning the company into a digital force is stepping down.
Marc Lore, CEO of Walmart’s U.S. e-commerce business, will retire on Jan. 31. He will continue to serve in a consulting role as a strategic advisor through September. The news was disclosed in an 8-k filing.
Lore joined Walmart in September 2016 when the company acquired Jet.com, which he co-founded and where he served as CEO. In a post on LinkedIn, Lore said he will take time off, but plans to continue working with start-ups.
“Reflecting on the past few years with so much pride – Walmart changed my life and the work we did together will keep changing the lives of customers for years to come,” he wrote.
After Lore departs, all aspects of U.S. retail e-commerce will continue to report to John Furner, CEO of Walmart U.S.