BENTONVILLE, Ark., Nov. 20 /PRNewswire/ -- Wal-Mart Stores, Inc. (NYSE: WMT) announced today the promotion of John Fleming, Walmart.com's senior vice president of merchandising, to chief operating officer of Walmart.com. Fleming, 43, will succeed Jeanne Jackson, Walmart.com's chief executive, who announced she will leave the company after the 2001 holiday season. "We appreciate the leadership and direction that Jeanne has provided these past 20 months," said Lee Scott, president and chief executive officer of Wal-Mart Stores, Inc. "She leaves an important legacy, an excellent management team that will drive improvement and growth in our business, both online and offline, for years to come. "We will continue to approach the Walmart.com business as a long-term, strategic initiative," Scott said. "Our focus areas remain tighter integration of our online program with our stores, developing additional services under the trusted Wal-Mart name that we can offer online, and continued development of our online shopping site." Jackson, 50, said she has no immediate plans to join another company. Jackson joined Walmart.com in April 2000 in Palo Alto, California. At the time, Walmart.com was an independent company operating as a joint venture between Wal-Mart Stores, Inc. and Accel Partners, a leading venture capital firm in California's Silicon Valley. Earlier this year, Wal-Mart and Accel Partners announced that Wal-Mart was acquiring all the minority interest in Walmart.com in order to establish the deepest integration possible between its online and offline programs. "There's no question that being able to start from scratch and build a team here at Walmart.com has been an extraordinary opportunity. I am extremely proud of the talent we've assembled and the assets we've created. At the same time, in light of the buyout, it has become clearer and clearer to me that something with broader scope is more appropriate for me at this stage in my career, " said Jackson. Like Jackson, Fleming will report to Tom Schoewe, executive vice president and chief financial officer for Wal-Mart Stores, Inc. Fleming, who joined Walmart.com last year, was previously senior vice president of merchandising for the department store division of Target Corporation, reporting directly to the company president. During his 19 years with the retailer, Fleming held various retail and merchandising positions, including vice president and general merchandise over apparel, divisional merchandise manager for sportswear, and senior buyer. With annual sales of $191 billion, Wal-Mart Stores, Inc. (www.walmartstores.com ) operates more than 2,600 discount stores, Supercenters and Neighborhood Markets, and more than 480 SAM'S CLUBS in the United States. Internationally, the company operates more than 1,080 units. Wal-Mart employs 962,000 associates in the United States and 282,000 in other countries. The company's securities are listed on the New York and Pacific stock exchanges under the symbol WMT. Last year Wal-Mart associates raised and contributed more than $190 million to support communities and local non-profit organizations. MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X47406867
SOURCE Wal-Mart Stores, Inc.