Walmart CEO of U.S. E-Commerce Business and Founder Marc Lore to Retire

Walmart Inc. said Mark Lore, chief executive of the retail giant’s U.S. e-commerce division, will retire at the end of January after more than four years in the role.

Walmart’s stock fell 1.3% in premarket trading. Lore joined Walmart in September 2016, after the company acquired e-commerce site, of which Lore was founder and CEO.

Walmart said Lore will serve as a strategic advisor to Walmart through September 2021. 

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