Wal-Mart’s Eduardo Castro-Wright to Retire

Vice chairman to stay until July to aid transition to successor.

Eduardo Castro-Wright, Wal-Mart Stores Inc.’s vice chairman and chief executive officer of global ecommerce and sourcing, will retire July 1, ending what will be an 11-year run at the world’s largest retailer.

This story first appeared in the September 28, 2011 issue of WWD.  Subscribe Today.

The company plans to name a successor in January and Castro-Wright, 56, will help ease transition the to new leadership.

Castro-Wright joined Wal-Mart’s division in Mexico as president and chief operating officer in 2001 and took on the reins as chief executive officer of the unit in 2003. He also served as president and ceo of the discounter’s flagship business in the U.S. from 2005 through 2008, when he was named vice chairman.

He assumed his current responsibilities in August 2010 and oversaw the expansion of the company’s ecommerce technology. This spring, Wal-Mart acquired Mountain View, Calif.-based Kosmix, a social media tech firm that helped beef up the company’s expertise in social commerce.

“Eduardo has made many contributions at Walmart, beginning in Mexico and continuing until today,” said Wal-Mart ceo Mike Duke. “He has been a strong advocate for our customers and in every assignment has brought passion and commitment to the job. He has also built talented teams wherever he has led.”