Wednesday, January 03, 2007

Birla’s retail units to be headed by expats

The Economic Times reports that the AV Birla Group has organized its retail business along two verticals, supermarkets and hypermarkets, both of which will be headed by expats. The head of the hypermarket division has been hired from a large Asian retailer and the company is on the lookout for an expat for its supermarket division. Both divisions will report to Sumant Sinha, the CEO designate of the AV Birla Retail venture.

Sources speculate that the retail business will be launched around Diwali. The company’s entire team of senior executives would be executives from overseas for vital areas such as store operations, IT, store design, merchandise and supply chain. For its HR department, the company has hired Vijay Kashay and Pankaj Bandhe from Shoppers Stop to look after HR and real estate handling.

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