November 3, 2016
Walmart’s summer acquisition of e-commerce startup Jet.com is beginning to result in changes to the retail giant’s e-commerce organization, according to published reports. Sources told the Wall Street Journal, and Walmart has confirmed, that several senior executives are leaving the company as Jet.com founder Marc Lore begins to exert more influence and Walmart seeks to cut into Amazon’s huge lead in e-commerce. Fernando Madeira, head of Walmart.com, Brent Beabout, senior vice president of e-commerce supply chain and Dianne Mills, senior vice president of global e-commerce human resources, all are leaving the company according to a spokesperson for the Bentonville, Ark.-based retailer. At the time of the acquisition announcement, Walmart said Neil Ashe, president and CEO of global e-commerce, would leave the company.
Walmart acknowledged Lore’s influence and may have signaled that it will transition to something that looks more like Jet.com’s business model when a spokesman told the WSJ that Lore is “still going through and analyzing the organizations and seeing what makes the most sense for running Walmart.com and Jet.com.” Another indication is that Beabout’s replacement to direct e-commerce supply chain is Jet.com co-founder Nate Faust.