Future Group has appointed Hardeep Singh as the chief executive officer for its 7-Eleven retail stores in India. The group is the master franchisee for this these stores which is world’s largest convenience chain.
Singh had joined Future Group last year by virtue of the acquisition of Vulcan Express by the group. He was the founder of Vulcan Express and had grown the last mile supply chain capabilities for Snapdeal and other e-commerce companies.
“The growth and expansion of 7-Eleven will be a critical part of growing our food and FMCG brands and bringing new services, formats and conveniences for our customers. An effective supply chain and distribution setup will define the future of a retail format like 7-Eleven.” – Kishore Biyani, CEO, Future Group
He added that the Future group will be combining food services, convenience and customer service in every urban neighbourhood through 7-Eleven stores.
Singh has over 20 years of experience in retail industry which range from leading the supply chain and logistics function at WalMart India and CEO of the first private container train operator on Indian Railways named Inlogistics amongst others.
The US-headquartered 7-Eleven at a group level clocked nearly US$ 100 billion in annual sales last year from over 67,000 stores. The 7-Eleven partnership is expected to add business worth a billion dollar in the next seven years.
The Future Group has three other smaller store brands — Easy Day, Heritage Retail and Nilgiri’s — that have been acquired in the past few years and contribute 15% to sales. It also plans to have 10,000 small stores in the next few years in the country.