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:








Comment on our site


RSS   twitter      submit



TAGS:
Russian scientists  Mary El Republic  Russian business  Patriotic War 1812  Life Saving  Russian science  Russian economy  Russian tourism  Russian universities  Rurik Dynasty  Russian ballet dancers  St. Petersburg  Moscow hotels  Belogorod Region  Exhibitions in Moscow  Russian trade  Anna Chicherova  Mercedes-Benz Fashion Week Russia  Bashkiria  Censorship  Old Moscow  Russian Standard  Moscow  Platonov's Festival of Arts  Vladikavkaz  Russian Cinema  Russian human rights activists  Ryazhsk  Heroism   Antarctic Station  Romanovs  Andrey Smirnov  criminality  Philharmonic Concerts  Dalnerechensk  Fresh Sound Festival  Russian history  Music Festivals  Russian churches  buy Russian designers  Sasha Pivovarova  Marat Babin  Moscow monuments  Burial Grounds  Russian Photographers  the Krasnodar Region  Russian Metro  North Pole  Legal Services in Russia  Oleg Anofriyev 


Travel Blogs
Top Traveling Sites