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

Related stories:
Walmart Names David Cheesewright International CEO
Walmart Looks to Further Expansion in China, India
Walmart Third-Quarter Earnings Rise 2.8 Percent, Trims Forecast
Walmart Says It Won't Honor Erroneous Prices Caused by Website Glitch
Walmart Website Glitch Allows Customers to Buy $8 TVs, $33 Treadmills

Suggested Articles

Costco changes up its menu items, and Alibaba and Guess partner for a physical store.

Janey Whiteside, Walmart's new chief customer officer, is well acquainted with the importance of customer service in modern retail.

Whole Foods will offer deals on Amazon's Prime Day, and tariffs against China are causing pricing hikes.