Bharti Retail ropes in Walmart's Craig Wimsatt
Bharti Enterprises, going solo in retail after its high-profile split last year with Walmart Stores Inc., has hired Craig Wimsatt from the US company. The move is significant in the wake of talk that Bharti Retail recently showcased its distribution centre in Chandigarh to officials from Tesco and Carrefour. Wimsatt came on board earlier this month and will effectively work as number two to chief executive Raj Jain, said two persons with direct knowledge of the situation. The 19-year Walmart veteran had worked with the erstwhile joint venture as chief operating officer before the split.
Read the Economic Times news report here.