Krish Iyer to replace Ramnik Narsey as Walmart India CEO

Wal-Mart India has appointed Krish Iyer as President and CEO of Walmart India, effective January 20, 2014, replacing interim CEO Ramnik Narsey.

Iyer will directly report to Walmart Asia regional president and CEO Scott Price while Narsey is being appointed as senior vice president, Walmart International.

Ramnik will report to David Cheesewright, the incoming President and Chief Executive Officer for Walmart International.

Scott Price, president and CEO of Walmart Asia said: "Krish will be responsible for leading the growth and success of our India operations while also continuing to develop our future retail strategy there."

"His knowledge of our business, combined with his understanding of the Indian market and culture, make him a natural fit for this role." he added.

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Originally from Mumbai, India, Iyer joined Walmart International as a senior vice president in 2012.

Prior to joining Walmart, he spent six years with AS. Watson Group, a leading international health, beauty and lifestyle retailer, serving 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 Ltd.

Iyer is a chartered accountant and received his Bachelor's degree with honors in Commerce and Economics from the University of Mumbai in India.

Iyer said: "It is an honour to be named to this role and to have the opportunity to continue to develop Walmart's business in India. Through Walmart's investment here, including our cash and carry business, supply chain infrastructure, direct farm programme and supplier development, we want to serve India and its people, and continue to make important social and environmental contributions to the country."