Walmart Foundation names Bill Gates Foundation exec as new president
Bentonville, Ark. — Walmart and the Walmart Foundation on Friday named Sylvia Mathews Burwell as president of the Walmart Foundation.
Burwell will join Walmart in January 2012 to lead the company’s charitable giving efforts and Walmart’s Global Women’s Economic Empowerment Initiative. Burwell will also guide the company’s social, environmental and economic opportunity efforts in Africa, the company said.
Burwell is currently president of global development at the Bill & Melinda Gates Foundation. In her new position, she will report to Leslie Dach, Walmart’s executive VP corporate affairs.
Burwell began her work at the Bill & Melinda Gates Foundation in 2001 as COO and executive director. Prior to joining the Gates Foundation, she held a variety of positions in Washington, D.C., including deputy director of the Office of Management and Budget, deputy chief of staff to President Bill Clinton and chief of staff to Treasury Secretary Robert Rubin.
Armani exec named CEO of Victoria’s Secret Direct
Columbus, Ohio — Victoria’s Secret Direct said Thursday that former Giorgio Armani Corp. CEO Bridget Ryan-Berman has been named CEO of the Internet and catalogue division of Victoria’s Secret and a subsidiary of Limited Brands.
Ryan-Berman replaces Pia Ferrario, who will remain as CEO through the holiday season and then transition into an advisory role with the company.
Ferrario joined Limited Brands in 1989 and was named CEO of Victoria’s Secret Direct in 2007.
Prior to her career at Armani, Ryan-Berman was COO of Apple’s retail division.
Dot-com departure at Target
Target announced that Steve Eastman, president of Target.com, left the retailer to pursue other opportunities. Eastman’s departure follows a late August relaunch of Target.com.
The relaunch process did not go smoothly as Target brought its online operations in house after a lengthy relationship with Amazon.com. Target’s goal was to reinvent the online environment and create a user-friendly and reliable experience, but that proved not to be the case initially as critics panned the site design and there were difficulties with functionality. Target involved 20 technology partners in the two year development process.