Krish Iyer Named CEO of Walmart India
Retailer expresses interest in continued investment
and opportunity to serve the people of India
Mumbai / New Delhi, Dec. 13, 2013 – Wal-Mart Stores, Inc. (NYSE: WMT) announced today that Krish Iyer has been
named president and CEO of Walmart India, effective Jan. 20, 2014.
Iyer, who will report to Walmart Asia regional president and CEO Scott
Price, will replace interim CEO Ramnik Narsey, who is taking a new role
as senior vice president, Walmart International.
Ramnik will report to David Cheesewright, the incoming President and
Chief Executive Officer for Walmart International.
Scott
Price, president and CEO of Walmart Asia said: “Krish will be
responsible for leading the growth and success
of our India operations while also continuing to develop our future
retail strategy there. His knowledge of our business, combined with his
understanding of the Indian market and culture, make him a natural fit
for this role. I would like to personally appreciate
Ramnik and acknowledge his leadership of our India business as we
worked to develop our current business plan.”
Originally
from Mumbai, India, Iyer joined Walmart International as a senior vice
president in 2012. Prior to coming
to Walmart, he spent six years with A.S. Watson Group, a leading
international health, beauty and lifestyle retailer, serving as managing
director in Thailand, Taiwan and the Philippines, regional business
development director and regional director over store
design and development for Asia and Eastern Europe. Before that, Iyer
was managing director and CEO at Piramyd Retail Limited. Iyer is a
Chartered Accountant, having received his Bachelor’s degree with honors
in Commerce and Economics from the University of
Mumbai in India.
Iyer
said: “It is an honor to be named to this role and to have the
opportunity to continue to develop Walmart’s
business in India. Through Walmart’s investment here, including our
cash and carry business, supply chain infrastructure, direct farm
program and supplier development, we want to serve India and its people,
and continue to make important social and environmental
contributions to the country.”
About Walmart
Wal-Mart
Stores, Inc. (NYSE: WMT) helps people around the world save money and
live better – anytime and anywhere
– in retail stores, online, and through their mobile devices. Each
week, more than 245 million customers and members visit our 11,096
stores under 69 banners in 27 countries and e-commerce websites in 10
countries. With fiscal year 2013 sales of approximately
$466 billion, Walmart employs more than 2 million associates worldwide.
Walmart continues to be a leader in sustainability, corporate
philanthropy and employment opportunity. Additional information about
Walmart can be found by visiting
http://corporate.walmart.com on Facebook at
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