10 August 2016 Current Affairs: Rajeev Krishnan was appointed as the Managing Director of Max Hypermarkets in India with effect from 1 August 2016 on 9 August 2016. Krishnan succeeds Viney Singh, outgoing Managing Director.
However, Singh will continue to be on the Board of the company as a Non-Executive Director.
As managing director, Krishnan will guide and direct the strategy and execution of the Hypermarket & Supermarket business of the SPAR brand in India, and will report to the board of Max Hypermarket, a franchisee of SPAR India.
Rajeev Krishnan : Prior to this appointment, Krishnan was the senior advisor for Mckinsey's retail and consumer practices. He also worked with Bharti Retail, part of the Bharti Wal-Mart joint venture in India, as an executive vice president and business head of retail operations. Krishnan has over 29 years of global experience with retail and consumer background at Target, Wal-Mart & Mckinsey & Company.
Before Bharti Retail, he was the group VP at Target Corporation in the US and spent 18 years with them.