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Walmart technology chief leaving the company

Walmart Inc. Chief Technology Officer and Executive Vice President Jeremy King is leaving the company, according to an internal memo seen by S&P Global Market Intelligence.

The memo was sent to Walmart staff by Walmart U.S. President and CEO Gregory Foran and Walmart U.S. eCommerce President and CEO Marc Lore on March 20.

King has been in the position since 2016. His last day with Walmart is March 29.

According to the memo, Fiona Tan, senior vice president of customer technology at Walmart Labs, will assume an elevated role as liaison for technology and Walmart U.S. and U.S. eCommerce leadership as the company looks for King's replacement.

Walmart's spokesperson Jenn Ericksen told S&P Global Market Intelligence that King is "going to another, non-competing company, which should be announced in the coming days."