BackWalmart India appoints Ashwin Mittal as CFO
Ashwin will replace Jill Anderson, currently the CFO of Walmart in India, who will join Walmart in the United States
Premium(Bloomberg)
Bengaluru: Local arm of the world’s largest supermarket chain Wal-Mart Stores, Inc. on Saturday said it has elevated Ashwin Mittal as the company’s new chief financial officer, apart from hiring Javier Rojo to lead the real estate and business development function of the company’s wholesale stores in the country.
Ashwin will replace Jill Anderson, currently the CFO of Walmart in India, who will join Walmart in the United States.
The two key appointments reflect the company’s commitment to India, said Krish Iyer, president and chief executive officer at Walmart India, in a media statement.
The appointments he added will, “indeed make a positive difference and deliver results as we remain steadfast on our growth and expansion plans in India."
The move comes close to a year after the retailer promised to add another 50 wholesale stores in the country over the next five years. The company currently owns and operates 20 wholesale cash and carry stores under the “Best Price" brand in nine states.
India remains a relatively small market for Walmart, where a restricted government policy on foreign investment in multi-brand retail has led the chain to expand the wholesale business only. Walmart opened its first store in the country in 2009, through a joint venture with Bharti Retail. The two parted ways in 2013. Since then Walmart fully owns and operates its India business.
Mittal joined the company in 2007 as head of financial planning and analysis, while Rojo was senior real estate director for the New England, US division of Walmart.
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