Dive Brief:
- Raj Jain, who previously oversaw Wal-Mart's joint Indian venture with Bharti Enterprises, has now been named to the CEO role at Bharti Retail.
- Jain had been advising the company after Bharti and Wal-Mart ended their cooperative efforts last year.
- Panka Madan, who had worked alongside Jain during the Walmart/Bharti era, will rejoin him as Bharti's CFO.
Dive Insight:
Wal-Mart is still in India, but it seems to have given up on prospects for big-box stores for now. Meanwhile, Bharti may be in a better position to compete in India on its own with its Best Price Modern Wholesale stores, and Jain's experience will likely come in handy as it moves forward.
