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:

Comment on our site

RSS   twitter      submit

Children's Art  Voronezh   Russian tourism  Tourism Tax  Interethnic Journalism  Russian universities  Red Wings  Moscow  oil price  Gazprom  Russian Photographers  Exhibitions in Perm  Unemployment  Russian business  education in Russia  cognac  Street Art  world record  Russian Cinema  St. Petersburg  Moscow Theatres  Ivan Yefremov  bus tickets Russia FIFA  Active Travel  Soviet Animated Films  Exhibitions in Moscow  Fashion Futurum  Russian scientists  Elections 2012  Contemporary Arts  Books  Lev Rubinstein  Romanovs' residence  Depardieu  Russian economy  Dzhokhar Tsarnaev  Russian Railways  Film Distribution  Arkhangelsk region  Balls in Moscow  Smoking in Russia  Laboratoria Art & Science Space  fire accident  Russia Travel Tips  Mercedes-Benz Fashion Week Russia  European Championship 2016  Russian Museum  Life Saving  Russian science  Economic Forum 

Travel Blogs
Top Traveling Sites