Wednesday, November 4, 2015

L.L. Bean Hires New CEO from the Walmart-Owned Yihaodian, a China-Based Online Grocery Business


According to both The Wall Street Journal and Portland Press Herald, L. L. Bean has hired a new CEO, Stephen Smith.
Writes the Portland Press Herald, "Smith starts his new job in January and will relocate from China to Maine... Smith works in China for the Walmart-owned Yihaodian <http://www.yhd.com/>, a Shanghai-based online grocery business that recently has begun selling consumer products, appliances and apparel."

The Wall Street Journal reported, "Mr. Smith joins L.L. Bean as the company prepares for the largest number of store openings in its history."