Bharti names ex Wal-Mart executive Jain as retail CEO

Fri Jan 3, 2014 2:05pm IST

Raj Jain speaks during an interview with Reuters in New Delhi August 7, 2007. REUTERS/Tanushree Punwani/Files

Raj Jain speaks during an interview with Reuters in New Delhi August 7, 2007.

Credit: Reuters/Tanushree Punwani/Files

Related Topics

Stocks

   

REUTERS - Bharti Enterprises, which agreed to call off a joint venture with Wal-Mart Stores Inc(WMT.N) in the country last October, named a former executive with the U.S. retailer to head its retail operations.

Raj Jain, who had last year joined the Bharti group as an adviser, was on Friday named chief executive officer of Bharti Retail, effective immediately, the New Delhi-based group said in a statement.

Jain headed Wal-Mart's Indian unit before leaving the company in June last year.

Bharti Retail also named Pankaj Madan as its chief financial officer (CFO). Madan previously worked as CFO of the Bharti-Wal-Mart wholesale joint venture.

Bharti Retail currently operates 212 retail stores in India.

(Reporting by Devidutta Tripathy in New Delhi; Editing by Prateek Chatterjee)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Press Event

Press Event

Modi takes tea, but no questions, in first press event as PM.  Full Article 

Monetary Policy

Monetary Policy

Finance Minister Arun Jaitley favours interest rate cut - paper  Full Article 

Sundar Pichai Elevated

Sundar Pichai Elevated

Google's Pichai to oversee major products and services.  Full Article 

Reuters Poll

Reuters Poll

India's growth pace to pick up as reforms draw investment   Full Article 

Need For Reforms

Need For Reforms

Euro zone risks "relapse into recession" without structural reforms - Draghi.  Full Article 

Diwali Sales

Diwali Sales

Gold sales jump about 20 pct for Diwali - trade body  Full Article 

World Bank Rival

World Bank Rival

Three major nations absent as China launches W.Bank rival in Asia  Full Article 

Health Of Lenders

Health Of Lenders

25 European banks set to fail health checks - sources.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage