Walmart Digital Chief Marc Lore to Step Down at End of Month

Walmart Loses Marc Lore, Architect of Its E-Commerce Revival
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January 15, 2021
(Bloomberg) -- Walmart Inc.’s Marc Lore, the architect of its digital operations, is leaving the retailer at a time when its battle with Amazon.com Inc. is growing even more intense.
Lore, 49, plans to retire from the role effective Jan. 31. He will stay on as a strategic adviser through September, the company said in a filing. His contract required him to stay at Walmart for five years, and he’s fulfilling that with his short-term consulting role.
Walmart shares fell as much as 2.2% on Friday in New York, the most intraday since September.

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