Four Walmart execs reportedly joining company’s Indian e-commerce investment
Mere weeks after completing its acquisition of Flipkart, Walmart is making its first move to integrate the two companies.
The discount giant is transitioning four of its senior leaders to Flipkart, according to The Economic Times, which cited an email sent by Flipkart Group CEO Binny Bansal to the employees.
On Aug. 20, Walmart made a $16 billion investment in Flipkart. The deal gave Walmart a 77% share of the company, making the discounter the largest shareholder in India’s leading e-commerce retailer.
According to the report, Emily McNeal,Walmart’s global head of mergers and acquisitions, corporate development, will join the Flipkart Group as senior VP and group chief financial officer. In addition, Daniel De La Garza, the company’s chief ethics and compliance officer for Walmart Central America, is slated to become Flipkart’s VP and chief ethics and compliance officer.
Grant Coad, VP regulatory compliance at Walmart Canada, was named general counsel, and Dawn Ptak, VP and controller, Walmart China, will be VP and group controller.
All four senior leaders will make the transfer by October, according to the report.
To read more, click here.
The discount giant is transitioning four of its senior leaders to Flipkart, according to The Economic Times, which cited an email sent by Flipkart Group CEO Binny Bansal to the employees.
On Aug. 20, Walmart made a $16 billion investment in Flipkart. The deal gave Walmart a 77% share of the company, making the discounter the largest shareholder in India’s leading e-commerce retailer.
According to the report, Emily McNeal,Walmart’s global head of mergers and acquisitions, corporate development, will join the Flipkart Group as senior VP and group chief financial officer. In addition, Daniel De La Garza, the company’s chief ethics and compliance officer for Walmart Central America, is slated to become Flipkart’s VP and chief ethics and compliance officer.
Grant Coad, VP regulatory compliance at Walmart Canada, was named general counsel, and Dawn Ptak, VP and controller, Walmart China, will be VP and group controller.
All four senior leaders will make the transfer by October, according to the report.
To read more, click here.