Walmart’s eCommerce Chief Marc Lore to Retire
BENTONVILLE, AR - Ever wonder how Walmart managed to build its eCommerce division so quickly? Well, much of its success can be attributed to the industry expert Marc Lore, who is serving as the CEO of Walmart eCommerce U.S. In a recent announcement, we learned that Lore is now stepping down from his role after leading the company since 2016.
“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. It has been an honor to be a part of the Walmart family, and I look forward to providing advice and ideas in the future,” Lore said in his LinkedIn post. “Looking forward, I’ll be taking some time off and plan to continue working with several startups. Excited to keep you all up to date on what’s next.”
According to CNBC, Lore was the Co-Founder of Jet.com, which Walmart acquired in 2016. While this acquisition proved to be vital in the growth of Walmart’s eCommerce division, the company also leveraged Lore’s extensive expertise in order to accelerate the process. Prior to working on Jet.com, Lore gained significant industry experience at Amazon.
Walmart recently announced Lore’s retirement from the company, which will be effective at the end of January. However, he will continue to serve as a strategic advisor for Walmart until the end of September. Moving forward, Walmart’s eCommerce team will report to CEO John Furner.
“Marc’s leadership helped ensure we were positioned to respond to the demand driven by the pandemic this year,” CEO Doug McMillon said in an email. “All of this progress is the result of good work from a lot of people, of course, but Marc’s expertise and aggressiveness have been game changing. We have learned a lot from him. I have personally learned a lot from him.”
We wish the best of luck to Marc Lore on the next step in his journey!