Walmart rejigs biz structure, moves India unit to EM portfolio

US retail giant Walmart Stores Inc today realigned its business structure by removing India unit from Asia region and moving it to emerging markets portfolio.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney master your money IThe Winning Leap SME Special
Moneycontrol

Home » News » Business

Feb 12, 2016, 02.13 PM | Source: PTI

Walmart rejigs biz structure, moves India unit to EM portfolio

US retail giant Walmart Stores Inc today realigned its business structure by removing India unit from Asia region and moving it to emerging markets portfolio.

Like this story, share it with millions of investors on M3

Walmart rejigs biz structure, moves India unit to EM portfolio

US retail giant Walmart Stores Inc today realigned its business structure by removing India unit from Asia region and moving it to emerging markets portfolio.

Post Your Comments

Share Cancel

Walmart rejigs biz structure, moves India unit to EM portfolio
US retail giant Walmart Stores Inc today realigned its business structure by removing India unit from Asia region and moving it to emerging markets portfolio.

The firm also appointed Enrique Ostal as Executive Vice President and Chief Executive Officer, Walmart Latin America, India and Africa, effective from February 1.

"This is in addition to his role as President and Chief Executive Officer, Walmart Mexico, Central America and LATAM (Latin America)," the company said in a statement.

Walmart International President and CEO David Cheesewright said:" Enrique's experience is perfectly suited for aligning our emerging markets with our core business strengths while serving our customers uniquely and in the most efficient ways." With this change, Walmart India President and CEO Krish Iyer will report to Enrique.

Scott Price, who is the Chief Administrative Office of Walmart International as well as President and CEO of Walmart Asia, will continue to lead businesses in China and Japan.

Walmart runs 21 cash and carry stores under brand Best Price across nine states in India.

Buy, Hold, Sell ? Hear it first on M3
Walmart rejigs biz structure, moves India unit to EM portfolio

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login