Content about Wal-Mart Asia

June 26, 2013

Raj Jain, who has overseen Wal-Mart’s India unit since 2007, has left his position.

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.

July 27, 2011

A Wednesday report by Bloomberg said that Wal-Mart Stores has named Morten Knudsen as CFO for Asia, as the retailer recasts its leadership roles in the region amidst top-heavy turnover.

Bentonville, Ark. -- A Wednesday report by Bloomberg said that Wal-Mart Stores has named Morten Knudsen as CFO for Asia, as the retailer recasts its leadership roles in the region amidst top-heavy turnover.

Knudsen, who was previously VP for corporate finance in Asia for Danone, takes the financial chief spot for Wal-Mart Asia effective Sept. 1.

Since May, Wal-Mart has lost Japanese chief Toru Noda and three of its top executives in China, including the CFO and COO Roland Lawrence and Rob Cissell, respectively.
 

June 5, 2008

Wal-Mart Stores Inc. is "exploring opportunities in Russia," the head of its international operations said...

April 30, 2008

About a century after Marshall Field coined the phrase “Give the lady what she...

January 13, 2008

Bentonville, Ark. Wal-Mart Stores, Inc. has appointed Vicente Trius to serve as executive VP, president...