Wal-Mart Stores, Inc has named Krish Iyer as President and CEO of Walmart India, effective January 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. Narsey will report to David Cheesewright, the incoming President and CEO for Walmart International.
Iyer had joined Walmart International as Senior Vice President in 2012. Prior to that, he had spent six years with AS 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.
Commenting on the development, Scott Price 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.”
On his new role, Iyer said, “It is an honour 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 programme and supplier development, we want to serve India and its people, and continue to make important social and environmental contributions to the country.”