Sameer Aggarwal set to be next CEO of Walmart India

NEW DELHI: Walmart India, the domestic arm of US retail giant Walmart, is gearing up for change of guard with Krish Iyer set to retire soon from the post of president and CEO. The company’s chief business officer, Sameer Aggarwal, who has been elevated to the post of deputy CEO, is set to take over the reins of the company, which runs a wholesale cash-and-carry business in India under the Best Price Modern Wholesale brand.Among other things, Aggarwal, who joined Walmart in April 2018 from Yum! Brands, has been leading Walmart’s efforts on synergies with Flipkart. All functions in Walmart India will report to him.When asked about the changes in organisational structure in the company, a Walmart India spokesperson said, “Sameer Aggarwal has been appointed deputy CEO, Walmart India effective January 1, 2020. He will continue reporting to Krish Iyer, president & CEO Walmart India and oversee operations, merchandising, people, marketing, real estate, kirana development program, digital, e-commerce and strategy.”Iyer, who has been with Walmart for over seven years, first, as senior VP with Walmart International and subsequently with Walmart India, as president and CEO for around six years, helped expand its wholesale business in India. “It is expected that Sameer will help expand the Walmart business in India quickly,” said a senior Walmart executive.