Wal-Mart announces departure of @WalmartLabs co-heads
Bentonville, Ark. -- Wal-Mart Stores Inc. said in a Friday emailed statement that the co-heads of its technology unit @WalmartLabs are leaving the company.
Venky Harinarayan and Anand Rajaraman, who ran the 200- person unit in San Bruno, Calif., are taking some time off from the industry, according to the statement. The pair took the helm of @WalmartLabs when Wal-Mart bought their company Kosmix last year.
Wal-Mart said the rest of the technology team will remain intact.