Alibaba gains new Director

E-commerce giant Alibaba has announced the appointment of its new director, with industry veteran Wan Ling Martello now working as an independent director on the company’s board.

Martello has worked within a number of sectors during her 30-year career, including the consumer packaged goods industry, retail sector, and e-commerce sector in an executive capacity.

Once a senior vice president and chief financial officer at Walmart, Martello is currently executive vice president of Nestle, where she is responsible for the firm’s Asia, Oceania and Sub-Saharan Africa divisions.

‘‘Alibaba is one of the world’s largest and most innovative e-commerce companies bringing many different new dimensions to the industry. I’m excited for the opportunity to be part of the Alibaba story and to help the Company on its journey to connect the world’s buyers and sellers,’’ said Martello.

Alibaba has been busy making new appointments and investments. Payment Eye recently reported that the e-commerce group invested $500m in Snapdeal, an Indian e-commerce marketplace, as part of a deal with SoftBank and Foxconn.

This is Alibaba’s first foray into India, prompting rumours that the e-commerce firm will be upping its global expansion efforts in the coming months.

Jack Ma, chief executive and founder of Alibaba, is delighted that Martello has joined the company’s board.

‘‘We are thrilled to have Ms. Martello on our board. Her global perspective, retail expertise and sharp business acumen will make her an invaluable member of our board. As Alibaba grows globally, we need business leaders like Ms. Martello to be part of the internationalization process and help ensure we are successful.’’

Martello will officially become a company director on September 1st, bringing Alibaba’s board member total to 11. The former Wallmart executive will also serve as a member of Alibaba’s audit committee.

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