(Reuters) – Amazon.com (NASDAQ:) named 25-year veteran Samir Kumar as its new India head on Wednesday, changing Manish Tiwary who stepped down after an eight-year stint final month.
Kumar, who was a part of the crew that launched Amazon India in 2013, will take over from Tiwary on Oct. 1 along with his present function of heading Amazon’s shopper companies within the Center East, South Africa and Turkey.
Amazon had beforehand stated Tiwary had resigned to pursue a possibility exterior the corporate, with out elaborating.
The change in management comes as Amazon is quick increasing in India the place it plans to speculate $26 billion by 2030, but additionally faces a strict regulatory atmosphere that forces it to run solely a market.
“India stays an necessary precedence for Amazon, and I’m tremendous excited concerning the alternative forward,” Amit Agarwal, senior vp for rising markets at Amazon, stated.