Walmart names Sameer Aggarwal as CEO for India cash-and-carry unit

Photo: Reuters

Walmart Inc on Wednesday named Sameer Aggarwal chief executive officer of Best Price, its Indian cash and carry business, and said it was in touch with supplier partners for adequate stocking at its stores during the 21-day government-sanctioned lockdown.

Aggarwal, who served as executive vice president for Walmart India for nearly two years before being elevated as deputy CEO in January, will take over from Krish Iyer on April 1.

Iyer will be working with Aggarwal until June 30.

Indians crowded grocery stores and chemists on Wednesday in a struggle for essential items after the government ordered a total lockdown for three weeks to fight a coronavirus pandemic.

Walmart India also said it was working towards identifying future bottlenecks, if they arise, to ensure supply chains remain intact and it continues to help meet consumer needs during this outbreak.

“Our members shop with us in multiple ways – in-store, online and through our sales associates. In the current situation, our members need us more than ever for the continued supply of essentials in the communities. At the same time, we are working with the government to ensure we minimize people in our stores to prevent the risk of spreading COVID-19,” a Walmart India spokesman said.

Aggarwal’s appointment comes months after the world’s largest retailer fired 56 of its executives in India as part of its restructuring in the country.

Walmart India operates 28 Best Price wholesale stores in the country, and also competes with Amazon through online marketplace Flipkart, its $16 billion acquisition.

Flipkart has suspended services in the country due to the lockdown.

Reuters

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

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Following vacancies can be applied for (only in Singapore).   

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  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.