Content about Eduardo Castro-Wright

April 25, 2012

Amidst allegations of involvement in a foreign bribery scandal, Wal-Mart Stores vice chairman Eduardo Castro-Wright has vacated his seat on the board of life insurer MetLife, according to a Tuesday announcement by Wal-Mart.

Bentonville, Ark. -- Amidst allegations of involvement in a foreign bribery scandal, Wal-Mart Stores vice chairman Eduardo Castro-Wright has vacated his seat on the board of life insurer MetLife, according to a Tuesday announcement by Wal-Mart.

In a letter to MetLife CEO Steve Kandarian, Castro-Wright said that the recent events at Wal-Mart would require his “immediate and personal attention. Accordingly, I now must focus my energy in spending personal time with my family and in protecting my good name and business reputation.”

April 25, 2012

Amidst allegations of involvement in a foreign bribery scandal, Wal-Mart Stores vice chairman Eduardo Castro-Wright has vacated his seat on the board of life insurer MetLife, according to a Tuesday announcement by Wal-Mart.

Bentonville, Ark. -- Amidst allegations of involvement in a foreign bribery scandal, Wal-Mart Stores vice chairman Eduardo Castro-Wright has vacated his seat on the board of life insurer MetLife, according to a Tuesday announcement by Wal-Mart.

In a letter to MetLife CEO Steve Kandarian, Castro-Wright said that the recent events at Wal-Mart would require his “immediate and personal attention. Accordingly, I now must focus my energy in spending personal time with my family and in protecting my good name and business reputation.”

January 17, 2012

Wal-Mart Stores announced that Neil Ashe, 44, is the new president and CEO of the company's global e-commerce business, effective Jan. 16.

Bentonville, Ark. -- Wal-Mart Stores announced that Neil Ashe, 44, is the new president and CEO of the company's global e-commerce business, effective Jan. 16.

Ashe was most recently president of CBS Interactive, where he led all online properties and also drove development of new ways to distribute programming produced by the media giant and its subsidiaries.

Ashe is replacing Eduardo Castro-Wright, who announced his retirement in September and will assist in the transition.

September 27, 2011

Wal-Mart Stores announced that Eduardo Castro-Wright, 56, vice chairman and CEO of the company’s global e-commerce and global sourcing businesses, will retire on July 1, 2012.

New York City -- Wal-Mart Stores announced that Eduardo Castro-Wright, 56, vice chairman and CEO of the company’s global e-commerce and global sourcing businesses, will retire on July 1, 2012.

The company plans to name a replacement by the end of January, after which Castro-Wright will assist in the transition.

September 27, 2011

Wal-Mart Stores announced that Eduardo Castro-Wright, 56, vice chairman and CEO of the company’s global e-commerce and global sourcing businesses, will retire on July 1, 2012.

New York City -- Wal-Mart Stores announced that Eduardo Castro-Wright, 56, vice chairman and CEO of the company’s global e-commerce and global sourcing businesses, will retire on July 1, 2012.

The company plans to name a replacement by the end of January, after which Castro-Wright will assist in the transition.

August 15, 2011

According to reports by Reuters and Bloomberg on Friday, Wal-Mart Stores is transferring management of its e-commerce business to store-level leadership in developed countries and said that two online executives are leaving the company.

Bentonville, Ark. -- According to reports by Reuters and Bloomberg on Friday, Wal-Mart Stores is transferring management of its e-commerce business to store-level leadership in developed countries and said that two online executives are leaving the company.

According to the reports, e-commerce leaders in markets such as the United States, Canada and the United Kingdom, will now report directly to the heads of stores in those countries instead of global e-commerce executive Eduardo Castro-Wright.

August 15, 2011

According to reports by Reuters and Bloomberg on Friday, Wal-Mart Stores is transferring management of its e-commerce business to store-level leadership in developed countries and said that two online executives are leaving the company.

Bentonville, Ark. -- According to reports by Reuters and Bloomberg on Friday, Wal-Mart Stores is transferring management of its e-commerce business to store-level leadership in developed countries and said that two online executives are leaving the company.

According to the reports, e-commerce leaders in markets such as the United States, Canada and the United Kingdom, will now report directly to the heads of stores in those countries instead of global e-commerce executive Eduardo Castro-Wright.

April 18, 2011

Wal-Mart Stores said Monday it is acquiring Mountain View, Calif.-based social media company Kosmix to help strengthen its social and mobile commerce.

Bentonville, Ark. -- Wal-Mart Stores said Monday it is acquiring Mountain View, Calif.-based social media company Kosmix to help strengthen its social and mobile commerce.
 
Wal-Mart, which has not disclosed the terms of the transaction, said it is interested in a social media technology platform Kosmix has developed that filters and organizes content in social networks to connect people with information that may be of interest to them.

January 18, 2011

The Retail Industry Leaders Association said Tuesday that Bill Simon, president and CEO of Walmart Stores, along with Steven Preston, president and CEO of OakLeaf Waste management, have joined the RILA board of directors.

Sarasota, Fla. -- The Retail Industry Leaders Association said Tuesday that Bill Simon, president and CEO of Walmart Stores, along with Steven Preston, president and CEO of OakLeaf Waste management, have joined the RILA board of directors.

Simon replaces Walmart vice chairman and president and CEO of global e-commerce and global sourcing Eduardo Castro-Wright on the board.

The RILA board meets twice a year to discuss the issues facing retailers and to offer insight into the opportunities and challenges confronting the industry.

July 19, 2010

Wal-Mart de Mexico SA reported late Monday that its second-quarter profits surged 24%....

July 1, 2010

Wal-Mart Stores on Friday said its chief merchandising officer John Fleming is leaving the company...

June 28, 2010

Wal-Mart Stores said Tuesday that its vice chairman Eduardo Castro-Wright is leaving his post as...

June 28, 2010

Wal-Mart Stores said Tuesday that its vice chairman Eduardo Castro-Wright is leaving his post as...

June 3, 2010

Wal-Mart Stores' CEO Mike Duke told shareholders at its annual meeting Friday that the company...

June 2, 2010

Wal-Mart Stores on Thursday announced plans to offer its U.S. employees a chance to earn...

May 6, 2010

Eduardo Castro-Wright, the head of Wal-Mart Stores’ U.S. operations, believes there is still plenty of...

January 28, 2010

Wal-Mart was lifted to buy on Friday by Goldman Sachs, after announcing plans to reorganize...

January 27, 2010

Trading company Li & Fung Ltd. said Thursday it signed a non-exclusive sourcing deal with...

January 3, 2010

Wal-Mart Stores plans to cut costs by combining purchasing for several countries, according to a...

December 14, 2008

Within the space of two weeks’ time early next year, we will inaugurate a new...

December 14, 2008

Within the space of two weeks’ time early next year, we will inaugurate a...

November 20, 2008

In an unexpected move, Wal-Mart Stores Inc. announced Friday chief executive Lee Scott will retire...

November 17, 2008

Wal-Mart said Tuesday that as gas prices drop, its stores are seeing increased traffic....

October 27, 2008

Sam's Club announced Tuesday during the Wal-Mart Stores’ annual analyst conference that it plans to...

October 27, 2008

Sam's Club announced Tuesday during the Wal-Mart Stores’ annual analyst conference that it plans to...