Wal-Mart Taps CBS Exec to Head Ecommerce

Home Textiles Today Staff -- Home Textiles Today, 1/23/2012 2:00:00 AM

Neil Ashe wal-martSAN BRUNO, CALIF. - Wal-Mart Stores Inc. has named Neil Ashe the new president and ceo of the company's global ecommerce business.
     He was most recently president of CBS Interactive, leading online properties that included CBS.com, CNET.com, CBSNews.com and CBSSports.com, in addition to others.
     Ashe replaces Eduardo Castro-Wright, who announced his upcoming retirement this past September.
     Mike Duke, Wal-Mart's president and ceo, said the company intends 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."
     The retailer has ecommerce businesses in the U.S., the U.K., Canada and Brazil.
     Prior to his most recent post at CBS, Ashe was ceo of CNET Networks, which focused on technology information, and managed the sale of CNET to CBS. His earlier career includes a partnership at private investment firm Crest Communications Holdings as well an associate position at investment bank Smith Barney, which is now part of Citigroup.