The First Chairman of India Retail Forum Krish Iyer has been appointed as the President and CEO of Walmart India. India Retail Forum, in the year 2005, for the first time ever brought together, besides top retailers across segments, mall developers, major corporate heads, multinational FMCG & consumer product giants and all retail support organizations under one roof to strategise modern retail growth in India under the chairmanship of Iyer.
In a major appointment in the Indian retail industry, the American retail giant and world’s largest retailer has named the vastly experienced Krish Iyer as the President and CEO of Walmart India to oversee growth in the dynamic retail market in India.
The development comes six months after Walmart named Ramnik Narsey as the interim India leader – with Narsey replacing Raj Jain. Iyer will be reporting to Walmart Asia regional president and CEO Scott Price.
A trained economist and chartered accountant, Iyer has diverse experience as a Profit Centre Head/CEO in multiple forms of retail including department stores, supermarkets, hypermarkets and beauty and health retail. He specialises in retail strategy, business turnaround, concept development and organisation development.
Iyer joined Walmart International in 2012, and prior to joining Walmart he was with the AS Watson Group for six years, and lead its beauty, health, and lifestyle segments as Managing Director based out of Thailand, but looked after the entire Asian and East European region.
The retail veteran has played an important role in mobilizing the Indian retail industry. In 2005, in the India Retail Forum, under the chairmanship of Krish Iyer, for the first time, top retailers across segments, mall developers, major corporate heads, multinational FMCG & consumer product giants, and all retail support organizations were brought together under one roof to strategize on modern retail growth in India.
Following Iyer’s appointment, Scott Price 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,” reported NDTV Profit. Price added that Krish’s knowledge “of our business, combined with his understanding of the Indian market and culture, make him a natural fit for this role. I would like to personally appreciate Ramnik and acknowledge his leadership of our India business as we worked to
develop our current business plan.”
In India, the Walmart group has 20 cash and carry or wholesale stores in India, and the last store opened in October 2012 in Bhopal. Walmart operates more than 10,700 stores in 27 countries and about 245 million customers make purchases every week. In the fiscal 2012-13, Walmart reported global sales of $470 Billion. Walmart is the largest private employer in the U.S. and Mexico.