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Bharti names ex Wal-Mart executive Jain as retail CEO
January 3, 2014 / 8:37 AM / 4 years ago

Bharti names ex Wal-Mart executive Jain as retail CEO

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

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

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