Walmart appoints Instagram co-founder Kevin Systrom to board of directors in e-commerce drive
Walmart has appointed Instagram CEO and co-founder Kevin Systrom to its board of directors as in continues to invest in e-commerce and mobile channels.
Systrom will also serve as a member of the company’s technology and eCommerce committee and its compensation, nominating and governance committee (CNGC).
Walmart chairman Rob Walton said Systrom’s entrepreneurial background and digital expertise will be "invaluable” as the supermarket giant deploys 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.”
Systrom is currently CEO of Instagram, which was acquired by Facebook in August 2012, where he is responsible for its day-to-day operations and has overseen its growth to more than 200 million monthly active accounts.
He said that he was looking forward to helping Walmart provide” more convenient and flexible ways” for people to shop.