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 Vesti.ru


Author: Julia Alieva

Tags: Russian businessmen Russian shops Russian business   

Next Previous


You might also find interesting:

VDMA Will Provide Support For Neftegaz 2017
30.08.2016
Microsoft And Sberbank Will Cooperate In Cybersecurity
17.10.2016
Conditions For Economic Recovery
11.06.2016
Foreign Exporters Will Take Part In Mebel Exhibition
30.08.2016
Dollar Exchange Rate May Rise By Three-Five Roubles
30.01.2017



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
TAGS:
Sergei Rachmaninoff  Russian sports  Planetarium  Russian modern history  Monuments in Moscow  environment  Russian football  Russian business  Nuclear Fuel  Russian cities  Mercedes-Benz Fashion Week Russia  Russian Cinema  DNR  bicycle parking  ractopamine  Festivals in Moscow  Moskva River accident  Yandex  gas wars  Bolshoi Theatre  Archaeological Finds  Exhibitions in Moscow  Moscow manors  Ukraine  Federal Antimonopoly Service  Russian history  Sokolniki Park  Russian rouble  Yakut diamonds  Schmallenberg virus  Moscow  Painting  floods in Far East  IT  Russian culture  Kondopoga  Photo Biennale  Russian shops  Resources  tolerance in Russia  Fast Food  Russian army  Moscow Vnukovo  VTB Group  Archeology  Music Festivals  Russian Literature  Russian tourism  International space station  North Caucasus 


Travel Blogs
Top Traveling Sites