A grocery industry veteran who led U.K. retailer Tesco Plc’s online operation was named president of Walmart’s Jet.com e-commerce business in the retail behemoth’s latest move to grab a bigger piece of the intensely competitive sector.
Simon Belsham will oversee all operations including grocery and general merchandise and join Walmart’s (WMT.N) U.S. e-commerce leadership team, according to an internal email sent on Monday by Marc Lore, the head of Walmart’s e-commerce business, to Jet employees and seen by Reuters.
Walmart acquired Jet for $3.3 billion in August 2016, a deal that was widely considered a watershed moment for its then-struggling e-commerce operation as it got access to both technology and talent through Jet founder Lore and his team.
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