Walmart Names Former Barnes & Noble Exec as CEO of Sam's Club Online

Walmart (NYSE: WMT) has named Jamie Iannone president and CEO of Iannone, who had been at Barnes & Noble since 2009, will manage online operations for the Sam's Club warehouse division and will report to Neil Ashe, president and CEO of Walmart's global e-commerce division, and Rosalind Brewer, Sam's Club president and CEO.

"Jamie brings a deep background and expertise as an e-commerce leader and we are confident he will help grow the business," Ashe and Brewer wrote in a memo distributed to staff.

Iannone had been with Barnes & Noble for five years where he oversaw its Nook devices and digital books. He was one of the retailer's highest-paid executives, earning $2.87 million for the fiscal year ended April 27, including salary and stock awards, according to a proxy statement filed in July. Prior to his post at Barnes & Noble, Iannone spent seven years as the vice president of search at eBay. Iannone left Barnes & Noble at the end of 2013, a spokeswoman told The Wall Street Journal.

Web sales have become a vital segment of Walmart's overall business. Iannone joins the company just as the retailer unveiled plans to move Sam's Club's e-commerce operations under the umbrella of its broader global e-commerce unit. Sam's Club's e-commerce division previously operated separately out of the retailer's Bentonville, AR, headquarters, whereas and the @WalMartLabs digital development group is based in San Bruno, CA.

Iannone is the latest executive to depart Barnes & Noble after CEO William Lynch resigned in July. CFO Michael Huseby took over as CEO last week.

For more see:
-This Internet Retailer article
-This Wall Street Journal article

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