Murali Lanka named Chief Operations Officer of Walmart India
New Delhi, 24 October 2014: Wal-Mart India Pvt. Ltd, wholly owned subsidiary of Wal-Mart Stores Inc., today announced that Murali Lanka has been appointed as its new Chief Operations Officer (COO). This is effective from December 1, 2014. Murali will report to Krish Iyer, President and CEO, Walmart India, and will lead Store Operations, Sales & Business Development, Membership & Marketing and Asset Protection functions for the Best Price Modern Wholesale stores, owned and operated by Wal-Mart India.
Announcing the appointment, Krish Iyer said, “I am very pleased to have Murali as the new Chief Operations Officer, who will spearhead our objective to strengthen the business and set foundation for future growth. His depth of knowledge and global experience will bring a fresh perspective to our business. He is a veteran at Wal-Mart with almost 25 years in the company. Therefore, I firmly believe that his passion and experience in Food and General Merchandise and commitment to e-commerce will help us serve our customers even more effectively in the years to come.”
Murali joined Wal-Mart in 1989 and played various roles in the Sam’s Club. In 2008, he came to India as the Head of Operations. He spent five years in the India business before repatriating to US in 2013 as the Developmental Regional General Manager in the Texas division.
In his earlier stint at Walmart India, Murali played a key role in setting up the Best Price Modern Wholesale format in India. He established robust processes and helped integrate Wal-Mart systems and culture with the business. Under his leadership, Walmart India opened 20 Best Price Modern Wholesale stores.
About Wal-Mart India
Wal-Mart India Private Limited is a wholly owned subsidiary of Wal-Mart Stores Inc., the world’s leading retailer renowned for its efficiency and expertise in logistics, supply chain management and sourcing. Wal-Mart India owns and operates 20 Best Price Modern Wholesale stores in 9 States across India. The first store opened in Amritsar in May 2009. The company plans to open 50 more stores by 2020. Wal-Mart India launched its B2B e-commerce platform exclusively for its members in July 2014 in two stores in Lucknow and Hyderabad, taking it to two more stores in Guntur and Vijaywada in October.
The Best Price stores offer best prices with unmatched convenience, choice, quality and hygiene. The mission of Best Price is “Enabling businesses to prosper…every single member”. To enter and purchase from Best Price stores, it is mandatory to become a member. Members can belong to different business categories such as Resellers (‘Kirana Stores’); Offices and Institutions (O&I); and Hotels, Restaurants and Caterers (HoReCa). The assortment, service and store layout are customized to the specific needs of members who can walk into a Best Price store and source high quality products in quantities they need and at the time they require.
For more information, please contact:
Hemant Arya | Creation