 "All you need to know about Walmart's new India CEO Krish Iyer")
Retail giant Walmart today named Krish Iyer as the new president and chief executive officer of its Indian unit, effective January 20.Iyer will replace Ramnik Narsey, who was appointed interim head of Wal-Mart India in June after the departure of Raj Jain, its long-serving country head.
The appointment comes after a turbulent year for Walmart as it called off its joint venture in India with Bharti Enterprises.
The management changes come after the Bentonville, Arkansas-based company elevated Doug McMillon to replace Mike Duke as chief executive officer and David Cheesewright as head of the international operations of the $470 billion retail enterprise.
Here are five things you need to know about Krish Iyer:
[caption id=“attachment_992549” align=“alignleft” width=“380”]  Reuters[/caption]
1.Iyer joined Wal-Mart’s international unit in 2012 as a senior vice-president. His LinkedIn profile says he was last posted in Tokyo on a special project with Walmart Japan/Seiyu G.K.
2.Iyer is a chartered accountant by profession and received his Bachelor’s degree with honors in Commerce and Economics from the University of Mumbai in India.
3.Prior to joining Walmart he spent six years with the AS Watson Group, an international health, beauty and lifestyle retailer.
In his stint at AS Watson Iyer served as managing director in Thailand, Taiwan and the Philippines, regional business development director and regional director over store design and development for Asia and Eastern Europe.Before that, Iyer was managing director and CEO at Piramyd Retail Ltdfor seven years.There he honed his retail skills for the next seven years. He also took over as Executive Director and CEO of the company in April 1999, successfully concluding an IPO in December 2005.
4. Iyer will report directly toScott Price, president of Wal-Mart Asia.In his new role, Iyer will lead Walmart’s now solo wholesale retailing venture and explore the possibility of opening its own supermarkets to sell products directly to Indian consumers.
Impact Shorts
More Shorts5. According to this India Today story, “Iyer wandered into retail when he was asked by the Piramals to study the viability of setting up a mall, which became the famous Mumbai landmark, Crossroads.”
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