Wal-Mart taps CBS Web exec to lead e-commerce

[January 17, 2012]  BENTONVILLE, Ark. (AP) -- Wal-Mart has named an executive from CBS Interactive as its new head of online operations.

Neil Ashe, 44, will take the job as president and CEO of global e-commerce for Wal-Mart Stores Inc. He replaces Eduardo Castro-Wright, who announced in September that he plans to retire.

Ashe was previously president of CBS Interactive, based in San Francisco. Its sites include CNet and CBS.com.

Wal-Mart has made the expansion of online sales a priority. It has recently started to turn around stagnating sales at its stores.

Wal-Mart, based in Bentonville, Ark., is the world's largest retailer. Internet Retailer magazine estimates it is the sixth-largest online seller.

[Associated Press]

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