Wal-Mart Stores said Monday that Instagram founder and CEO Kevin Systrom has accepted an appointment to its board of directors.
Systrom became the 15th member of the board effective Sept. 26 and will serve as a member of the company’s technology and e-commerce committee and its compensation, nominating and governance committee.
“Kevin’s entrepreneurial background and his technical and digital expertise will be invaluable as we further connect with customers and deploy new capabilities through e-commerce and mobile channels,” Walmart chairman Rob Walton said in a statement. “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.”
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Systrom, 30, is best known as CEO and co-founder of Instagram, the photo and video sharing social networking service. Founded in 2010, Instagram was acquired by Facebook in August 2012. Systrom is currently CEO of Instagram, where he is responsible for its day-to-day operations and has overseen its growth to more than 200 million monthly active accounts.
A native of Massachusetts, Systrom holds a bachelor's degree in management science and engineering from Stanford University. Since 2011, Systrom has consistently been ranked in lists such as Fortune's 40-under-40 and TIME’s 100 most influential people.
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