Bengaluru, India – January 02, 2020: Sameer Aggarwal is recognized as the new deputy Chief Executive Officer of Walmart India and the entire business industry believes that he will take over the role of CEO of the company in the coming years from current CEO Krish Iyer.

"Sameer Aggarwal has been appointed Deputy Chief Executive Officer, Walmart India effective January 1, 2020," a Walmart India spokesperson said. "He will continue reporting to Krish Iyer, President and CEO Walmart India and oversee operations, merchandising, people, marketing, real estate, kirana development program, digital, e-commerce and strategy," the spokesperson said additionally.

Sameer Aggarwal has an experience of more than twenty years in the field of general management, finance, merges and acquisition and strategy management in different countries. Aggarwal is an MBA holder from London Business School and is an active member of Institution of Chartered Accountants India. He also worked as an associate for seven years with McKinsey & Company, both in UK and Australia.

Recently, Aggarwal was working for KFC Thailand as the Chief Finance, Development and supply chain officer.

In April 2018, he joined Walmart as Chief Strategy and Administrative Officer and in December 2018 he was raised as the Chief Business Officer of Walmart.

In November 2006, Walmartdeclared a combined venture with Bharti Enterprise to function in India. Walmart activated in India through Permissions and controlled the wholesale end of the business only because foreign corporation sectors were not allowed to enter retail sector.

Meanwhile in the US based retail chain, Walmart appoints Suresh Kumar as the Chief technology officer and Chief development officer. Kumar is a graduate from IIT Madras and former Google executive. The new appointments come across according to the shifts in associate and customer experience. Kumar has an experience of more than twenty five years Google, IBM, Amazon and Microsoft. "The technology of today and tomorrow enables us to serve our customers and associates in ways that weren't previously possible. We want to take full advantage of those opportunities," McMillon said.