Amritsar, NFAPost: US-based retailer Walmart Inc today announced the promotion of Sameer Aggarwal as the chief executive officer of its Best Price Modern Wholesale cash-and-carry format stores in India.
Aggarwal will be replacing Krish Iyer, effective Apr 1. Iyer will retire from full-time management and will take up the role of an advisor to Best Price, Walmart India Ltd, the company said.
Iyer will work with Aggarwal until Jun 30 to ensure a smooth transition, the company said adding that the latter will directly report to Dirk Van den Berghe, Executive Vice President and Regional CEO of Asia and Global Sourcing.
“It is bittersweet to leave Walmart, but I am confident that Sam will be able to take the business to the next level,” said Iyer.
Aggarwal had joined Walmart India in April 2018 as executive vice president overseeing strategy and administration and was promoted to deputy CEO in January this year.
“Sam has done a fantastic job in the past two years. He led the charge to make our proposition more customer centric, developing digital offerings to prepare for our omnichannel services in the future,” said Dirk Van den Berghe.
As the new CEO, Aggarwal will be further focusing on building more digital, and omni-channel services at the retailer, which has been investing heavily in reaching its members through online offerings.
Walmart operates 28 wholesale or cash-and-carry stores in India across nine states.