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Bharti Retail appoints Raj Jain as CEO; Pankaj Madan made CFO

04-January-2014
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Bharti Retail appoints Raj Jain as CEO; Pankaj Madan made CFO

Bharti Retail has appointed Raj Jain as Chief Executive Officer with immediate effect. In his new role, Jain will report to Rajan Bharti Mittal, Vice Chairman & MD, Bharti Enterprises. The company has also announced the appointment of Pankaj Madan as Chief Financial Officer.

Commenting on the appointments, Rajan Bharti Mittal said, “Bharti is committed to building a world-class retail venture and we are delighted to have Raj and Pankaj on board. I am confident that their rich experience and insights into the retail business will add immense value to the company’s growth plans.”

Jain brings with him vast experience across retail, consumer durables and FMCG sectors. Prior to his current appointment, he was Advisor to Bharti Enterprises. Before that, he was President, Walmart India and also held the position of Managing Director & CEO, Bharti Walmart for over six years.

Earlier, Jain was the Asia Pacific Region Head, Marketing & Supply Chain at Whirlpool Corporation in Shanghai and had also served as Managing Director & CEO of Whirlpool India. He began his career with Unilever, where he held key managerial positions in Sales, Marketing and Supply Chain in India and the UK.

Madan recently held the position of CFO at Bharti Walmart, where he worked for over five years. Prior to that, he was CFO, Grampian Country Food Group (Thailand). He has also worked with Cargill Thailand and Telstra Singapore in senior finance roles.

Bharti Retail currently operates 212 stores in neighbourhood and compact hypermarket formats.

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