SAN FRANCISCO -

Automotive ecommerce platform Shift said Thursday it has named a former Walmart executive as its president. 

Jeff Clementz, formerly the senior vice president and general manager of Walmart U.S. marketplace and partner operations, will take on the role starting Friday.

“We are thrilled to welcome such a proven leader with a strong vision and aptitude for execution at this pivotal moment,” Shift co-chief executive officer and co-founder said in a news release. “Jeff’s experience scaling Walmart’s massive ecommerce marketplace business and deep understanding of financial services will be instrumental in helping us drive sustainable growth for years to come.”

Shift co-founder and co-CEO Toby Russell said: “Jeff’s breadth of knowledge and experience across ecommerce, product development, marketing, sales, and operations will help Shift build on our momentum. He has a track record of leadership in operating efficiently, delivering unparalleled value to customers, and doing it with heart. For us, this addition is indicative of Shift’s success, and we are excited to see Jeff’s contribution to the team.”

Clementz brings more than 20 years of experience leading global hyper-growth payments and marketplace businesses, the company said. For the last six years, he held leadership roles at Walmart, most recently overseeing its U.S. ecommerce marketplace business.

Shift said that under his leadership, Walmart became one of the largest digital marketplaces in the U.S. Prior to his stint at Walmart, Clementz worked at PayPal, specifically on its global expansion. 

“I am honored to serve as president of this incredible company (Shift) dedicated to reimagining what the car buying and selling experience can and should look like, and to join an innovative, high growth team,” Clementz said.  “Shift is truly a unique combination of technology, operations and cost-conscious retail. I’m thrilled to leverage my experience to continue building on Shift’s success.”

Shift said its second quarter, revenue ($154.9 million) jumped 377%, with total units sold up 240% at 7,815. Ecommerce units climbed 222% to 5,871 sales, the company reported in August. It pulled in $16.3 million in gross profits, up from $3.6 million a year ago. Adjusted gross profit was $16.5 million, up from $3.7 million.