Wal-Mart’s leadership expands exec roles in online push

(Reuters) – Wal-Mart Stores Inc on Friday announced a management shuffle that integrates the running of its physical outlets and online operations, and extends broader authority to the former head of online retailer Jet.com, which Wal-Mart bought for $3.3 billion last year. It was the second time Wal-Mart has shuffled its e-commerce decks after it acquired Jet.com in August and appointed Marc Lore to run its e-commerce business. In November, Wal-Mart announced a number of management changes and said Jet.com co-founder Nate Faust would lead fulfillment operations for both Jet.com and Wal-Mart.com.

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