INDIA: Wal-Mart India head Jain exits
US retail giant Wal-Mart has announced that Raj Jain, president of its Indian business, has left the company after six years in the post and will be replaced by Ramnik Narsey.
Narsey, who joined the retailer as senior president for Wal-Mart International last month, will serve as interim leader. He has previously served as chairman and chief executive officer for Woolworths India.
Jain, meanwhile, joined Wal-Mart in 2006 and was named head of Wal-Mart India a year after.
Wal-Mart Asia president and CEO Scott Price said the company remains optimistic about its business in India, adding: "Ramnik brings significant management and leadership experience to the role."
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