Heads of @WalmartLabs to Leave

BENTONVILLE, Ark. — Wal-Mart Stores announced that the co-heads of its Silicon Valley innovation group, @WalmartLabs, are leaving the company, according to Bloomberg News.

Venky Harinarayan and Anand Rajaraman, who ran the 200-person division in San Bruno, Calif., will leave and take time off from the industry, Bloomberg News reported, adding that the remainder of the @WalmartLabs team will remain intact.

Harinarayan and Rajaraman joined Wal-Mart last year when the retailer bought their company, Kosmix, and used it to launch @WalmartLabs.

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