Instagram CEO and Co-Founder Kevin Systrom Joins Walmart’s Board of Directors
September 29 2014 - 8:55AM
Business Wire
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.
Wal-Mart Stores, Inc.Media Relations:Randy Hargrove,
800-331-0085orInvestor Relations:Carol Schumacher,
479-277-1498
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