The retail subsidiary of Indian conglomerate Reliance Industries has appointed two former Wal-Mart executives to run the operations, the Economic Times reported on Monday, ahead of an expected opening up of the retail sector.
Rob Cissell has been named chief executive and Shawn Gray as chief operating officer, the newspaper said, citing an email by Reliance to senior company officials.
A panel of top Indian officials is likely to meet this month to decide on allowing foreign direct investment in multi-brand retail, two senior government sources told Reuters on Friday, an indication New Delhi wants to move ahead on a long-delayed reform initiative.
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