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.

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 powered by Disqus

Advertisement

Advertisement

Advertisement

From The IR Blog

FPO

Pablo Palatnik / E-Commerce

Holiday search marketing tips for online retailers

With Google devoting less space to search ads, those positions become more valuable than ever.

FPO

Bart Mroz / E-Commerce

Drive Back to School online sales even after classes begin

Parents don’t always get through their entire shopping list by the time school starts, so ...

Advertisement