The appointment will be effective January 20, 2014, the company said in a statement.
“Iyer, who will report to Walmart Asia regional president and CEO Scott Price, will replace interim CEO Ramnik Narsey, who is taking a new role as senior vice president, Walmart International,” it said. Ramnik will report to David Cheesewright, the incoming President and Chief Executive Officer for Walmart International.
Before that, Iyer was managing director and CEO at Piramyd Retail Limited. Iyer is a Chartered Accountant, having received his Bachelor’s degree with honours in Commerce and Economics from the University of Mumbai in India.