"Sam has done a fantastic job in the past two years. He led the charge to make our proposition more customer centric, developing digital offerings to prepare for our omni channel services in the future," said Van den Berghe in a statement on Wednesday. "He has a keen ability to understand complex situations and take decisive action to accelerate our business. He's also a strong people leader who exemplifies our Walmart values of service, respect, excellence and integrity."
Aggarwal has held leadership roles at Yum! Brands in Southeast Asia, Sainsbury’s in the UK and China and McKinsey & Co in Australia. He holds an MBA from the London Business School and is a fellow member of the Institute of Chartered Accountants of India.
"I greatly appreciate the opportunity to lead our business in one of Walmart’s most important markets," said Aggarwal.
The outgoing CEO Iyer will work with Aggarwal until June 30 to ensure smooth transition.