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:

Mercedes Will Construct a Plant In Esipovo
Huawei Starts Cooperation With Sberbank
The Russian Wine Guide
The Bank Of Russia May Start Interventions
Jamon Production May Be Localised

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Russian Monuments  Mercedes-Benz Fashion Week Russia  Russian military leaders  Ganymede  Exhibitions in Saint Petersburg  Russian Animation  Krasnodar region  Russian writers  Afghanistan  Wooden Architecture  Exhibitions in Moscow  Zoo History Museum  Fashion week  Krasnoyarsk  Moscow  Central Bank  Aeroflot  the Kamchatka region  Moscow Region  Film Distribution  Russian business  Russian labour market  Pomorye  Ilya Oleynikov  movies  business  The Kaluga Region  Tweed Run  Slantsy  Nadezhda Voytinskaya  Russian priests  corruption in Russia  New Medicines  Painting  Russian Cinema  The Simpsons  Russian history  Kaliningrad  the Pole of Cold  Archeology  Master and Margarita  Parliament in Action  Voronezh   Russian Literature  Rock Music  Dima Yakovlev Law  New Opera Theatre  Northern Caucasus  Russian music  Russian tourism 

Travel Blogs
Top Traveling Sites