Wal-Mart Appoints Khasis to Develop New Concepts

MOSCOW, January 4 (RIA Novosti) – Wal-Mart Stores Inc., the world’s largest retailer, has appointed as president and chief executive of New Formats for Walmart International.

Former head of Russia’s largest food retailer X5 Retail Group, Khasis joined Walmart in 2011 as a senior vice president and chief leverage officer of Walmart International.

“Lev has a track record of developing innovative formats, and he will now focus on developing new concepts that can be deployed across our markets to provide future growth,” a Wal-Mart spokesman Kevin Gardner told Bloomberg on Friday.

Walmart, founded in 1962, operates under 69 different banners in 27 countries.


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