named group CEO, replacing Mike Duke, who was to retire. Duke will continue to be chairman of the boardís executive committee.
David Cheesewright, who has been leading the companyís Europe, West Asia and Africa businesses, has been appointed the new president and CEO and replaced McMillon.
Despite the opening up of the multi-brand retail sector in India, the company is still undecided whether it would venture into the front-end retail segment with a new Indian partner.
In 2007, Walmart and Bharti Enterprises established a joint venture, Bharti Walmart, for wholesale cash-and-carry and back-end supply chain management operations in India selling a wide range of fruits and vegetables, groceries and staples, stationery, footwear, clothing, consumer durables and other general merchandise items.
After the break-up with Bharti, the company halted the expansion of its cash-and-carry stores in India until 2015.