Jain leaves Wal-Mart India
Bentonville, Ark. – Raj Jain, who has overseen Wal-Mart’s India unit since 2007, has left his position. Neither Wal-Mart nor Jain has made any public statement on his departure. Wal-Mart has named Ramnik Narsey as interim head of its Indian operations. Narsey, former chairman and CEO of Woolworth’s India, joined Wal-Mart in May.
"We remain optimistic about our business in India and look forward to our future in India under Ramnik's leadership," Scott Price, president and CEO for Wal-Mart Asia, said in an official statement.
Wal-Mart has been running stores in India since 2009 and works with local joint venture partner Bharti Enterprises.