Format experimentation on international agenda

Walmart SVP Lev Khasis was elevated to the new role of president and CEO of new formats for Walmart International, according Reuters and Bloomberg reports citing a Walmart spokesman.

Khasis joined Walmart in 2011 after working for Russian retailer X5, a company Walmart reportedly had an interest in acquiring. The spokesman said Khasis will focus on developing store concepts that can be deployed across markets.

"Lev has a track record of developing innovative formats, and he will now focus on developing new concepts that can be deployed across our markets to provide future growth," Walmart spokesman Kevin Gardner was quoted as saying.