- Toys ‘R’ Us moves interim CEO into role permanently; names new U.S. president
- Walmart to install LEDs in ceilings, cutting lighting energy use by 40%
- Wal-Mart names new CEO; company vet Doug McMillon to succeed Mike Duke
- Wal-Mart doubles small-store expansion amid weak sales and lowered outlook
- Wal-Mart launches money transfer service between stores
Bentonville, Ark. – Raj Jain, who has overseen Wal-Mart’s India unit since 2007, has left his position. Neither Wal-Mart nor Jain has made any public statement on his departure. Wal-Mart has named Ramnik Narsey as interim head of its Indian operations. Narsey, former chairman and CEO of Woolworth’s India, joined Wal-Mart in May.
"We remain optimistic about our business in India and look forward to our future in India under Ramnik's leadership," Scott Price, president and CEO for Wal-Mart Asia, said in an official statement.
Wal-Mart has been running stores in India since 2009 and works with local joint venture partner Bharti Enterprises.