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Wal-Mart names new head of online site

Company confirms that Carter Cast is returning after four months at eBay to become's new president.

Carter Cast, who formerly held positions as vice president of and chief marketing officer at eBay, will be the new president of, Wal-Mart Stores confirmed on Thursday.

As previously reported by CNET, Cast, 41, succeeds John Fleming, who was promoted to chief marketing officer for parent company Wal-Mart in April.

Effective July 5, Cast will be responsible for the day-to-day operations at the retailer's Web site and will report directly to Fleming, the company said.

Cast joined in 2000 as vice president of marketing and later left to join eBay. He worked at the online auction company for four months before resigning earlier this week.