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Wal-Mart Announces Appointment of Instagram CEO on Board: Reports

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The world's largest retailer Wal-Mart Stores Inc. officially announced the appointment of 30-year old Kevin Systrom, chief executive of the photo-sharing Instagram Inc. to its board Monday to work in the technology and e-commerce committee.

MOSCOW, September 29 (RIA Novosti) - The world's largest retailer Wal-Mart Stores Inc. officially announced the appointment of 30-year old Kevin Systrom, chief executive of the photo-sharing Instagram Inc. to its board Monday to work in the technology and e-commerce committee.

"Kevin's passion and deep knowledge of social media align with our focus to engage customers through our digital and physical channels," Bloomberg reported Wal-Mart Chairman Rob Walton statement on Monday.

Systrom was appointed on September 26 and will remain the chief executive of Instagram, which was purchased by Facebook Inc. in 2012.

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