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Walmart’s new CEO for India, Africa
Global retail giant Walmart Stores Inc has announced Enrique Ostalé, as Executive Vice President and Chief Executive Officer for Walmart Latin America, India and Africa, effective from February 1. This is in addition to his existing role as President and Chief Executive Officer for Walmart Mexico, Central America and LATAM (Latin America). Krish Iyer, President & CEO.
Global retail giant Walmart Stores Inc has announced Enrique Ostalé, as Executive Vice President and Chief Executive Officer for Walmart Latin America, India and Africa, effective from February 1. This is in addition to his existing role as President and Chief Executive Officer for Walmart Mexico, Central America and LATAM (Latin America). Krish Iyer, President & CEO, Walmart India, will report to him.
Announcing the change, David Cheesewright, President and Chief Executive Officer, Walmart International, said: “With these changes, we are well positioned to better serve our customers around the world while strengthening our overall business. Enrique’s experience is perfectly suited for aligning our emerging markets with our core business strengths while serving our customers uniquely and in the most efficient ways”.
Scott Price, Chief Administrative Officer, Walmart International and President and Chief Executive Officer – Walmart Asia, will continue to lead businesses in China and Japan. Wal-Mart India Private Limited, a wholly-owned subsidiary of Walmart Stores Inc., owns and operates 21 Best Price Modern Wholesale stores in nine states across India. The company plans to open 50 more stores by 2020. Walmart India launched its B2B e-commerce platform in July 2014 and has extended it to all 21 stores.
