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WALMART INC.

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Wal-Mart Stores, Inc. : Wal-Mart Names Krish Iyer As New Chief Executive for India Unit

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12/13/2013 | 12:58am EDT

By R. Jai Krishna

NEW DELHI--Wal-Mart Stores Inc.(WMT) Friday named Krish Iyer as president and chief executive of its India unit.

Mr. Iyer, will replace Walmart India's interim chief executive Ramnik Narsey, from Jan. 20, 2014. He will report to Scott Price Walmart Asia's chief executive.

The appointment comes at a time when the U.S. retailer is rejigging its India operations, seen as a key market.

Wal-Mart had named Mr Narsey as interim chief executive in June, after its president for Indian operations Raj Jain left the company.

Later in October, Wal-Mart pulled out of a joint venture with India's Bharti Enterprises Ltd., to run retail stores, and instead focus on wholesale store operations.

The world's biggest retailer by revenue set up its first wholesale cash-and-carry store in 2009 in India, and has since expanded to 20 stores across the country.

Write to R. Jai Krishna at krishna.jai@wsj.com

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Financials (USD)
Sales 2021 548 B - -
Net income 2021 17 660 M - -
Net Debt 2021 41 496 M - -
P/E ratio 2021 21,9x
Yield 2021 1,59%
Capitalization 388 B 388 B -
EV / Sales 2021 0,79x
EV / Sales 2022 0,77x
Nbr of Employees 2 200 000
Free-Float 49,2%
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Technical analysis trends WALMART INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 38
Average target price 145,79 $
Last Close Price 137,07 $
Spread / Highest target 27,7%
Spread / Average Target 6,36%
Spread / Lowest Target -23,4%
EPS Revisions
Managers
NameTitle
C. Douglas McMillon President, Chief Executive Officer & Director
Gregory B. Penner Non-Executive Chairman
Dacona Smith Chief Operating Officer & Senior VP-Sam's Club
Brett M. Biggs Chief Financial Officer & Executive Vice President
Clay Johnson Enterprise Chief Information Officer & EVP
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