Krish Iyer to be Walmarts India unit CEO

The world’s largest retailer Walmart has announced the name of Krish Iyer to be India’s unit President and CEO. He will succeed Ramnik Narsey, who was appointed interim head of Wal-Mart India after the departure of Raj Jain who was its long-serving country head. 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 retail enterprise. Narsey will work under David Cheesewright, the incoming President and Chief Executive Officer of Walmart International. Iyer, however, takes over Walmart in India at a time when the company is having a rough ride. Krish will be responsible for leading the growth and success of India operations while continuing to develop the future retail strategy. Iyer joined Wal-Mart's international unit in 2012 as a senior vice-president. He 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. 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 Ltd for seven years.