The regulator said, "@CCI_India approves proposed acquisition of Flipkart Private Limited by
Wal-Mart International Holdings, Inc." Mergers and acquisitions beyond a certain threshold require the approval of the Competition Commission of India (CCI).
Holley served in various roles in
Wal-Mart International from 1994 through 2002.
Ramnik Narsey, then a senior vice-president at
Wal-Mart International, was appointed interim CEO.
"
Wal-Mart International will drive growth, will drive aggressive growth," Doug McMillon, Wal-Mart's CEO of International Operations, said at a meeting for analysts that was held in Bentonville in October.
In a statement, Doug McMillon, president and chief executive of
Wal-Mart International, made clear his company is pursuing a regional strategy.
Wal-Mart International president and chie f executive Doug McMillon warned trading conditions were likely to remain tough.
Wal-Mart International president and chief executive Doug McMillon yesterday warned trading conditions were likely to remain tough.
The
Wal-Mart International Division was formed in 1993, with Bobby Martin as its president.
in April 2003 and became vice chairman and head of
Wal-Mart International in September 2005.
Beyond steering the international business with a sure hand as vice chairman of
Wal-Mart International, Duke brings to the chief executive officer spot wide-ranging retail experience, analysts said.
Prior to joining, Vukich held positions at Dell and
Wal-Mart International. Joe McKie, Winn-Dixie's vice president of corporate brands, is responsible for overseeing all aspects of the company's corporate brands initiatives, including the redesign and relaunch of Winn-Dixie's private-label products.
will be offset by increases at
Wal-Mart International. The retailer projects worldwide spending of $14 to $15 billion in each of the next two years, with a focus on emerging markets.
