Walmart appoints Instagram founder to board of directors
Walmart has appointed Instagram co-founder Kevin Systrom to its board of directors.
Systrom has become the 15th member of the board and will be a member of the technology and e-commerce committee and the compensation, nominating and governance committee.
Walmart chairman Rob Walton said: “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.
“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.”
Never Miss a Retail Update!Systrom is best known as chief executive of Instagram, the photo-and-video sharing social networking service he co-founded in 2010. While Instagram was acquired by Facebook in 2012, Systrom is currently the firm’s chief executive where he is responsible for its day-to-day operations and has overseen its growth to more than 200 million monthly active accounts.
“Walmart has had a profound impact as a global leader in retail,” Systrom said. “It’s an honour to join the Walmart Board and have an opportunity to help provide more convenient and flexible ways for people to shop.”
