Wal-Mart Stores is promoting Fernando Madiera to CEO of walmart.com, replacing Joel Anderson.
Anderson is leaving Walmart to take the CEO role at Five Below, a value-priced children and teen apparel chain, Five Below said.
Madiera most recently was CEO of Walmart’s Latin American e-commerce business, based in Sao Paulo. Madiera will relocate to Walmart.com’s offices in San Bruno, Calif.
Madiera is well regarded for having grown Walmart’s e-commerce efforts in Brazi