BRISBANE, Calif. & BENTONVILLE, Ark. (Feb. 15, 2007) – Wal-Mart Stores, Inc. (NYSE: WMT) today announced that Carter Cast will lead the U.S. business strategy function for the company, and Raul Vazquez has been named president and chief executive officer of Walmart.com (www.walmart.com), effectively immediately.
Vazquez will succeed Cast, who is moving into a broader role for Wal-Mart, leading the business strategy and strategic planning initiatives for Wal-Mart Stores’ U.S. division. Vazquez will retain oversight of all day-to-day operations at Walmart.com, and will focus on further integration of online and in-store capabilities that provide multi-channel options for customers, as well as expand the site’s overall merchandise assortment and product information. Cast and Vazquez will both report to Eduardo Castro-Wright, president and CEO of Wal-Mart Stores’ U.S. division.
“The new appointments of Carter Cast and Raul Vazquez and their extensive expertise in the online retail environment uniquely positions Wal-Mart to build upon our strength and ability to provide a comprehensive, multi-channel experience for our customers,” said Castro-Wright. “Carter’s outstanding leadership, strategic vision and proven success at Walmart.com will help us further advance our U.S. business strategy. And I am extremely pleased to have a talent like Raul leading our fast-growing online business where his ecommerce and marketing skills will help further leverage the Wal-Mart brand.”
In 2000, Cast joined Walmart.com and served in several leadership positions where he led the company through a rapid period of growth in site traffic and sales, and ultimately led the division to profitability. He became the company’s CEO two years ago and secured Walmart.com’s position as the No. 3 online retailer in the country.
Vazquez joined Walmart.com in 2002 and most recently served as the company’s chief marketing officer responsible for all consumer marketing and customer-facing site functionality. He oversaw the launch of the site’s major redesign initiative last year, and managed all marketing and creative functions for the online business.
“I’m very proud to have been part of Walmart.com from the beginning, working with such a committed and talented group of associates over the past years. Under Raul’s new leadership, I know Walmart.com will achieve great success and play an even more important role in serving our customers both online and in our stores,” said Cast.
Walmart.com is a wholly owned subsidiary of Wal-Mart Stores, Inc. headquartered in Brisbane, Calif.
About Wal-Mart Stores, Inc. (NYSE: WMT)
Wal-Mart Stores, Inc. operates Wal-Mart discount stores, Supercenters, Neighborhood Markets and Sam’s Club locations in the United States. The Company operates in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico and the United Kingdom. The Company’s securities are listed on the New York Stock Exchange under the symbol WMT.
More information about Wal-Mart can be found by visiting www.walmartfacts.com. Online merchandise sales are available at www.walmart.com.