Co-founder and CEO of Instagram, Kevin Systrom, will enter Walmart's board of directors. He will help shape mobile and e-commerce initiatives of the world's largest distributor.
Walmart focus on e- and m-commerce
Kevin Systrom has entered Walmart's board of directors and will immediately take his place on the Technology and eCommerce Committee and the so-called Compensation, Nominating and Governance Committee.
"Kevin’s entrepreneurial background and his technical and digital expertise will be invaluable as we further connect with customers and deploy new capabilities through e-commerce and mobile channels,” Rob Walton, chairman of Walmart, said.
The group has invested a lot in e-commerce, in an attempt to fight off Amazon and Alibaba. Systrom feels his most important task is to "help provide more convenient and flexible ways for people to shop".
Only 30 years old
Systrom founded social network site Instagram back in 2010, alongside some friends. Facebook purchased the photo and video service in 2012, but Systrom still leads the company. Currently, Instagram says it has some 200 million active users per month.
Systrom, still only 30 years old, hails from Massachusetts and has a BS in Management Science and Engineering.