Business

Sameer Aggarwal to be elevated to the post of CEO of Walmart India

The Indian arm of the US-based Walmart soon will get new CEO as the incumbent Krish Iyer is all set to retire. Company’s present chief business officer and deputy CEO –Sameer Aggarwal, will be taking over the post of Walmart India.

Aggarwal joined Walmart in April 2019 after working for a brief period with Yum! Brands. He is credited for synergizing Walmart and Flipkart. After his elevation to the new post, all the functions in the Walmart India will report to him.

Commenting on the alterations in the organisational structure in the company the spokesperson of the Walmart stated, “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”.

On the other hand, Krish Iyer has been associated with the US retail giant for the past seven years. Initially, he joined the company as the senior VP with the Walmart International. Subsequently, he was promoted to the post of president and CEO of the Walmart India for around six years. He has helped the company is expanding its legs in India.

In 2018, Walmart acquired a majority stake in the Bangalore based e-commerce company -Flipkart. The acquisition concluded at $16 billion following a bidding war between the two giants Walmart and Amazon. At present, Walmart controls 77 per cent of total shares in Flipkart.

Andrew s

Andrew has been in the online publishing industry. After receiving his degree in professional journalism from the Indian Institute of Journalism and New Media, he contributed to multiple websites as a freelance writer and feature editor. Mostly, Andrew tackles controversies and theories that lead to a specific conclusion that either debunk or justify a particular claim. Further, Andrew participates in social developments that aim to simplify every individual's way of life and fight for peace. He is the new Editor-in-Chief of Pressroom Today.

Share
Published by
Andrew s

Recent Posts

IPL 2024 Kicks Off In Style: All-Star Teams Prepare to Play for the Cup

The popular sports league, which garners significant viewership from India and abroad, has initiated its…

8 months ago

Lok Sabha Elections 2024: India’s Future Awaits ‘Saath Phase Paar’

The total number of registered voters is more than the combined population of all European…

8 months ago

Scam 2024: The Electoral Bonds Scheme And Its Top Contributors Come to Light

Who paid whom, how much and WHY? These are the general questions that everyone asked…

8 months ago

Growing FinTech Sector in India: Key Players and Innovations with Alok Kumar Agarwal

Alok Kumar Agarwal states, “The Indian FinTech sector is not just growing; it is revolutionizing…

8 months ago

Centre Notifies Rules for CAA: Stirs the Indian Political Arena Across Different Levels

The new legislation aims to uplift persecuted minorities by granting them Indian citizenship based on…

8 months ago

Centre Notifies Rules for CAA: Stirs the Indian Political Arena Across Different Levels

The new legislation aims to uplift persecuted minorities by granting them Indian citizenship based on…

8 months ago