SAN BRUNO, CA - Fernando Madeira, who is currently President and CEO of Latin America at Walmart.com, will be taking on the newly created role leading Walmart.com in the U.S., Latin America and any other growth areas.

Current Walmart.com U.S. CEO and President Joel Anderson will be leaving at the end of the month to take the job as President of discount-store chain Five Below Inc., according to the Associated Press. June 20th will be his last day at Walmart.com.

Madeira has been in his current role for three years. In that time, Brazil’s business has grown twice as fast as the market, while increasing traffic four-fold, according to a memo sent to Wal-Mart Stores Inc. employees.

Walmart.com’s online sales rose more than 30% to $10 billion for the year ended January 31st.  It is a small part of the company’s total sales, but Wal-Mart is pushing to innovate in the e-commerce area, according to the Associated Press. This rapid growth actually beat Amazon's sales growth for the year ended December 31, which was reported at 20%. This is the first time in a decade Wal-Mart's online sales growth beat Amazon's. Check out our previous story for more information.

Click here to read: Wal-Mart Overtakes Amazon in Web Sales Growth in 2013

“Wal-Mart can bring together our stores with new digital commerce capabilities to help customers save money, save time and have access to what they want and need,” Wal-Mart’s new CEO Doug McMillon said to shareholders at the annual shareholders meeting. “The opportunity is enormous.”

Wal-Mart has more than tripled the number of items it sells online to more than 7 million from 2 million 18 months ago. It is also testing online grocery delivery and other possible services.

Congratulations, Fernando!

Wal-Mart