US retailer Walmart has appointed Krish Iyer as the president and CEO of its India unit. The appointment will be effective January 20, 2014, the company said in a statement.
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 CEO 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.