By  on June 10, 2014

Wal-Mart Stores Inc. has named a new leader and structure after a year in which the retailer’s e-commerce sales grew30 percent and a slew of new initiatives began taking hold.

FernandoMadeira was named president and chief executive officer of walmart.comwith responsibility for the U.S., Latin America and the further growthof Madeira, who has been based in São Paulo as presidentand ceo of Wal-Mart e-commerce in Latin America, will relocate to SanBruno, Calif., where the Web site is based. He will continue to reportto Neil Ashe, president and ceo of global e-commerce.

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