Tesco Veteran to Head E-Commerce for Walmart’s Jet.com
A grocery industry veteran who led U.K. retailer Tesco Plc’s online operation was named president of Walmart’s Jet.com e-commerce business. Simon Belsham will oversee all operations including grocery and general merchandise and join Walmart’s U.S. e-commerce leadership team, according to an internal email sent on Monday by Marc Lore, the head of Walmart’s e-commerce business, to Jet employees and seen by Reuters.
Walmart acquired Jet for $3 billion in August 2016. The news comes as the grocery wars are heating up, with Amazon's purchase of Whole Foods, and a multitude of grocers entering the home delivery market through acquisitions or Instacart deals.