MUMBAI Dec 13 Wal-Mart Stores Inc, the
world's largest retailer, on Friday named Krish Iyer as the new
president and chief executive officer of its Indian unit,
effective Jan. 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.
Iyer joined Wal-Mart's international unit in 2012 as a
Bentonville, Arkansas-based Wal-Mart, which focuses on
wholesale business in India, earlier called off its Indian joint
venture with Bharti Enterprises in October.
Late last year, the Indian joint venture suspended
employees, including the chief financial officer, as part of an
internal investigation into bribery allegations in India and
subsequently brought in a team of lawyers from a U.S. firm to