Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

World's Biggest Retailer Hires Lev Khasis as a Vice President
9.09.2011 15:38
World's Biggest Retailer Hires Lev Khasis as a Vice President
Lev Khasis

Wal-Mart Stores hires Lev Khasis, former head of food retailer X5 Group, as a senior vice president and chief leverage officer, a spokeswoman of the company said on Thursday.

      Such Wall-Mart's decision can be considered as an indication that the company has not lost hopes for an entry into Russian market. To remind, in December Wal-Mart closed its office in Moscow due to a lack of acquisition opportunities.

      "We still believe in Russian market, and we'll continue, as we do in markets all over the world, to watch for the right market-entry opportunity," said company spokesman Kevin Gardne.

      Lev Khasis confirmed his appointment but didn't give any details about his intended role at the world's biggest retailer. He succeeds John Aden who has been working for Wal-Mart as a senior vice president from 2007 to 2010.

      Khasis, who grew X5 by acquisition into a Russian market leader with $11 billion in annual sales, left the company in March after five years, saying he would pursue other opportunities. The Wal-Mart spokeswoman said Khasis would be based at the company's headquarters in Bentonville, Arkansas, reporting to international chief executive Doug McMillon. His tasks will include the creation of innovation teams, the integration of acquired trading networks and a global sales synergy.

      Wal-Mart is the world's biggest retailer with about 9,000 shops in 15 countries all over the world. Last year it gained more than a fourth of its $419 billion in annual revenue from its international wing. 


Sources: Echo of Moscow The Wall Street Journal

Author: Julia Alieva

Tags: Russian businessmen Russian shops Russian business   

Next Previous

You might also find interesting:

International Cybersecurity Congress
Ras Al Khaimah Emirate Presented Its Economic Potential In Moscow
Four Models Of Cars Will Be Produced At the Mercedes-Benz Factory In Solnechnogorsk
Burger King Issued Voppercoin
Sberbank and the Federal Antimonopoly Service Will Implement Blockchain Technology

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Flowers Delivery

search on the map
Paleontology  Tula  Russian Photography Museum  Biennale  Tyumen  feminism in Russia  camel races  Russian border security  Moscow  Biological Age  Mercedes-Benz Fashion Week Russia  Russian courts  Russian business  Russian history  Museums of Taganrog  Exhibitions in Moscow  Formula 1  buy Russian designers  Fashion Futurum  Krasnodar Territory  Rostov Region  Central House of Artist  censorship in Russia  Nerungri  Robots  medicine  Moscow Museums  Maria Sharapova  Russian Cinema  Wim Delvoye  bailiffs  Kurily Urup Island  economic crisis  Moscow bookstores  UArctic Congress  Painting  New Year  Show Business  product ban  Baikal  Willem Barentsz  Russian parliament  Ministry of Culture  Kostroma  Russian poet  Archeology  Russian Literature  Hypotheses  Russian tourism  Irina Prokhorova 

Travel Blogs
Top Traveling Sites