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Walmart Names New E-tail Chief

1/17/2012 09:55:52 AM Eastern

San Bruno, Calif. - Walmart has tapped former CBS
Interactive president and CNET CEO Neil Ashe as head of its global e-commerce
business, effective today.

In his new role as president/CEO, he succeeds vice chairman
and former Walmart U.S. chief Eduardo Castro-Wright, who announced his pending
retirement in September.

At CBS Ashe led all online properties including CBS.com,
CNET.com, CBSNews.com and CBSSports.com, and helped develop new ways to
distribute the company's programming.

"E-commerce is a great opportunity for us and we have a
long-term vision to win," said Mike Duke, Walmart's president/CEO. "We are on
track to create the next generation of e-commerce, combining the latest in
online innovations with physical stores to give our customers a unique and
seamless shopping experience ... Walmart is the best- positioned retailer to
deliver this multichannel experience to consumers, many of whom are already
connected to the world through smart phones and social media."

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