WASHINGTON: Walmart Inc. Chief Technology Officer Jeremy King is leaving the company, according to an internal company memo, even as the retailer races to transform its e-commerce business and close the gap with rival Amazon.com Inc.
King also led the company's technology arm, Walmart Labs, through more than 10 acquisitions and was key in moving the company's operations to the cloud, which gave the retailer more resources to compete with Amazon. He also oversaw the opening of four new tech offices.Fiona Tan, senior vice-president of customer technology, Walmart Labs, will take on more responsibility as King's replacement is found. She has been asked to become a liaison for the technology team, Walmart U.S.
In the most recent quarter, online sales grew 43 percent and matched the previous quarter's increase. The company credited that to a broader assortment of goods on its website and improved delivery, as well as store pickup of online grocery orders.
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