Bentonville, Ark. – Wal-Mart Stores has named a new president and CEO of its Indian operations. According to multiple media reports, Krish Iyler, who has been a senior VP in Wal-Mart’s international unit since January 2013, will assume his new role on Jan. 20. 2014.
Iyler replaces Ramnik Narsey, who has run Wal-Mart’s Indian business on an interim basis since the company’s former Indian CEO Raj Jain left in June 2013 without public explanation. Wal-Mart currently operates 20 wholesale stores in India and is attempting to find a local partner to open supermarkets with, as required by Indian regulations. In October 2013, Wal-Mart put its ambitious expansion plans in India on hold indefinitely when discounter and its joint venture partner in India, Bharti Enterprises, parted ways after six years.