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Wal-Mart creates new position to oversee alternative formats

Bentonville, Ark. -- Wal-Mart Stores Inc. said Friday it has created a new executive position to oversee new store formats in international markets.
 
Lev Khasis, who joined the company in 2011 after working in Russian retail, was named president and CEO of new formats for Wal-Mart International. He built up Russia’s largest food retailer X5 through acquisitions into a market leader before resigning to join Wal-Mart Stores.
 
Khasis “has a track record of developing innovative formats, and he will now focus on developing new concepts that can be deployed across our markets to provide future growth,” Wal-Mart spokesman Kevin Gardner said in an emailed statement.