Sameer Aggarwal will be the next CEO of Walmart India
NEW DELHI: Walmart india , the domestic arm of US retail giant Walmart, is preparing for a changing of the guard with Krish Iyer ready to retire soon as president and CEO. The company's commercial director, Sameer Aggarwal , which has been elevated to the post of deputy general manager, will take over the reins of the company, which manages a wholesale cash and transportation business in India under the Best Price Modern Wholesale brand.
Among other things, Aggarwal, who joined Walmart in April 2018 from Yum! Brands, has been leading Walmart ’s efforts on synergies with Flipkart. All functions in Walmart india will report to him.
When asked about the changes in organisational structure in the company, a Walmart india spokesperson said, “ Sameer Aggarwal has been appointed deputy CEO, Walmart india effective January 1, 2020. He will continue reporting to Krish Iyer, president & CEO Walmart india and oversee operations, merchandising, people, marketing, real estate, kirana development program, digital, e-commerce and strategy.”
Iyer, who has been with Walmart for over seven years, first, as senior VP with Walmart International and subsequently with Walmart india , as president and CEO for around six years, helped expand its wholesale business in India. “It is expected that Sameer will help expand the Walmart business in India quickly,” said a senior Walmart executive.