Wal-Mart.com tapped The Gap Inc.'s Jeanne Jackson as CEO. Ms. Jackson, 48, had been CEO of The Gap's Banana Republic chain since 1996. In 1998, she also was named to headed up Gap Direct, a division handling online and catalog programs for all Gap, Banana Republic and Old Navy operations. Wal-Mart Stores earlier this year established the independent Wal-Mart.com company, based in Palo Alto, Calif., to handle the online offering in which it has a majority interest and majority board representation. The project in being undertaken in conjunction with venture capital company Accel Partners.
Copyright March 2000, Crain Communications Inc.