Wal-Mart Stores Inc. announced Kevin Systrom, an entrepreneur, software engineer and co-founder of photo-sharing service Instagram, as a new member to the retailer’s board of directors. Systrom recently became the 15th member of the board and will also serve as a member of the company’s technology and e-commerce committee and its 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," said Walmart Chairman Rob Walton. “Walmart is investing in e-commerce capabilities through talent, technology and fulfillment. Kevin’s passion and deep knowledge of social media align with our focus to engage customers through our digital and physical channels.”
The 30-year-old Systrom is best known as the co-founder of Instagram, which was acquired by Facebook in 2012.
“Walmart has had a profound impact as a global leader in retail,” Systrom said. “It’s an honor to join the Walmart board and have an opportunity to help provide more convenient and flexible ways for people to shop.”
A native of Massachusetts, Systrom holds a bachelor’s degree in management science and engineering from Stanford University. Since 2011, Systrom has consistently been ranked in lists such as Fortune's 40-under-40 and TIME magazine’s 100 most influential people.