BENTONVILLE (dpa-AFX) - Wal-Mart Stores, Inc. (WMT) announced its Board has appointed Kevin Systrom, an entrepreneur, software engineer and co-founder of the photo-and-video sharing social networking service Instagram, as a new member of the company's Board, effective Sept. 26.
Systrom became the 15th member of the Board and will also serve as a member of the company's Technology and eCommerce Committee and its Compensation, Nominating and Governance Committee.
Founded in 2010, Instagram was acquired by Facebook in August 2012. Systrom is currently CEO of Instagram, where he is responsible for its day-to-day operations.
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