April 12, 2012, 10:48 AM

Wal-Mart’s former e-commerce chief lands a new job

Raul Vazquez becomes CEO of loan provider Progreso Financiero.

Amy Dusto

Associate Editor

Lead Photo

Raul Vazquez

The one-time top e-commerce executive at Wal-Mart Stores Inc. has a new job. Raul Vazquez has become CEO of Progreso Financiero, which sells unsecured loans and first-time credit to more than 150,000 Hispanic families in the United States, primarily in California and Texas. Vazquez also becomes  a board member of the company, it said this week.

Vazquez was CEO of Walmart.com until January 2010 and, later, executive vice president of global e-commerce and developed markets for the retail chain, a job he held until August, when he left the company voluntarily amidst an e-commerce shake-up, according to the retailer.  During his time at Wal-Mart, Vazquez also was president of the newly created Wal-Mart West offline division.

Wal-Mart is No. 6 in the Internet Retailer Top 500 Guide.

“Raul has established his leadership skills at one of America’s great companies, having led rapid growth at Walmart.com and also managing very large retail operations in Wal-Mart’s western region,” says Carl Pascarella, lead director for the board of Progreso. “He has a deep understanding of retail environments, which are at the heart of Progreso’s community-based lending model.”

Joel Anderson,  President and CEO of Walmart.com, U.S., will be a featured speaker at the Internet Retailer Conference & Exhibition 2012 in June, offering a presentation on “Creating innovation through the next generation of retail.

Comments

Sign In to Make a Comment

Comments are moderated by Internet Retailer and can be removed.

Not a member? Signup for free today!

Advertisement

Advertisement

Advertisement

Relevant Commentary

FPO

Jason Squardo / Mobile Commerce

Five tips for achieving high mobile search rankings

Searches on mobile devices will soon exceed those on computers, Google says. Retailers that keep ...

FPO

Sergio Pereira / B2B E-Commerce

Quill turns to its B2B customers for new ideas

Coming in April is a new section of Quill.com that will let customers and Quill ...

Advertisement