Walmart appoints Instagram founder to board of directors
Systrom has become the 15th member of the board and will be a member of the technology and e-commerce committee and the compensation, nominating and governance committee.
Walmart chairman Rob Walton said: “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 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 best known as chief executive of Instagram, the photo-and-video sharing social networking service he co-founded in 2010. While Instagram was acquired by Facebook in 2012, Systrom is currently the firm’s chief executive where he is responsible for its day-to-day operations and has overseen its growth to more than 200 million monthly active accounts.
“Walmart has had a profound impact as a global leader in retail,” Systrom said. “It’s an honour to join the Walmart Board and have an opportunity to help provide more convenient and flexible ways for people to shop.”
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