Walmart.com announces management changes

Joel Anderson, Walmart.com president for the past three years, has resigned to take a job with another company.

Teen discounter Five Below has named Anderson as its president. He will oversee the retailer’s merchandising and marketing beginning in July.

Wal-Mart also announced the promotion of Fernando Madeira, who has been the president of Walmart’s Latin American e-commerce division. He will now lead Walmart.com in the U.S., Latin America and other growth areas.