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Date:
Sunday March 15, 2009

Location:
Harvard Business School
Soldiers Field
Boston, MA 02163

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RETAIL PANEL: PYRAMID TO DIAMOND – THE EXPANDING INDIAN MIDDLE CLASS

The following are the panelists:

Walter J. Salmon
Stanley Roth, Sr. Professor of Retailing, Emeritus

Walter J. Salmon is the Stanley Roth, Sr., Professor of Retailing, Emeritus, at the Harvard University Graduate School of Business Administration. He has been a member of the Harvard Business School faculty since 1956. He earned his BBA from the City College of New York and his MBA and DBA from Harvard Business School.

Professor Salmon's major fields of interests are Consumer Marketing and Retail Distribution. His current research concerns trends in distribution, and issues of organization, logistics and multi channel synergies in retailing. He is also studying how to balance consumer interests in breadth of selection with their interest in low prices. Professor Salmon has also researched and written about high/low pricing versus everyday fair and low pricing.

Professor Salmon's teaching assignments at Harvard Business School have included Retailing, Consumer Marketing, the Marketing course in the Advanced Management Program, the Program for Management Development and First Year Marketing. In addition, he has participated, since its initiation, in the School's seminar on 'Making Boards More Effective' and has Chaired or participated in the HBS Top Management Seminar for Retailers and Suppliers since its inception. He also remains active as a supervisor of field studies in the MBA program. Professor Salmon also served in the 70's as Associate Dean for Faculty Affairs and in the late 80's and early 90's as Senior Associate Dean and Director of External Relations.

He has served on the boards of Cole National Corporation, Co., Harrah's Entertainment, Inc., Luby's Cafeterias, Inc., The Neiman Marcus Group, Party City, Inc., PetsMart, Inc., Stage Stores, Inc., Stride Rite Shoes, Zayre Corporation and its then subsidiaries T.J. Maxx and BJ's. He also was formerly a director of the Quaker Oats Company until it was sold to Pepsico, Inc. in August 2001, and outside chairman of the Board of Hannaford Brothers, a $3.5 billion northern New England based supermarket chain. He was also a director of the Harvard Business School Publishing Company, the Tufts Associated Health Plan Inc., and the National Retail Federation.

Professor Salmon currently serves on the board of Cumberland Farms, a convenience store chain and petroleum wholesaler and retailer; and the MBL, formerly known as the Marine Biological Laboratories. He is also a domain advisor to the Highland Consumer Fund.

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Aravind K. Singhal
Chairman, Technopak Advisors

Arvind is the Chairman of Technopak Advisors – a Management Consulting firm offering strategic advice, start up assistance, performance enhancement impetus, consumer insights and capital advisory, to leading Indian and International companies, operating in Retail, Consumer Products, Fashion (Textiles & Apparel), Healthcare, Hospitality, Food Processing, Education, Entertainment and Real Estate sectors.

Set up in 1991, on the principle of “concept to commissioning”, Technopak is a strategic advisor to their clients during the ideation phase, implementation guides through start-up and a trusted advisor overall. Technopak, with a consulting strength of 300 people, across 3 offices in India, has had the privilege of working with leading International and Indian companies in their sectors.

Arvind is a Bachelor of Engineering (Electronics & Communication) from Roorkee University and an MBA (Finance & Marketing) from University of California, Los Angeles, USA. Arvind is professionally active at various professional associations and industry fora, is a regular contributor to various publications.

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Biswaranjan Sen
VP Operations , Hindustan Unilever Ltd

Mr. Biswaranjan Sen is the VP, Supply Chain Operations with Hindustan Unilever Ltd.

Hindustan Unilever Limited is a 3 Bln $ company involved in manufacturing a range of products starting from colour cosmetics, personal products to laundry. It has a complex supply chain network operating across more than 100 manufacturing locations and over 40 distribution centres. HUL manufactures and sells around 2.4 Mln tones of products.

Biswaranjan Sen is a Chemical Engineer . He joined HUL in 1991 and has 17 years of experience in India and overseas, spanning across R&D, Manufacturing, Planning and distribution.

His interests are in Operations, supply chain optimization and building great teams.

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Prof. Ananth Raman (Moderator)
UPS Foundation Professor of Business Logistics, Harvard Business School

Ananth Raman, UPS Foundation Professor of Business Logistics, specializes in operations management. He teaches courses in supply chain management, service operations, and the investor's perspective on operations to MBA students and executive participants. He teaches a doctoral course on operations management at Harvard Business School, and serves as primary thesis advisor for multiple doctoral students.

He is co-director of a multi-year research project (the "Consortium for Operational Excellence in Retailing") to study retail operations, supply chain, and merchandising practices. Over 30 retailers from the United States, Japan and Europe have participated in this study. The project involves researchers from a number of universities including the Harvard Business School and the Wharton School of the University of Pennsylvania.

He has consulted with, and been responsible for management education programs for executives in, a number of companies. His research on forecasting and inventory planning has been implemented at multiple companies.

Raman has a Bachelor of Technology degree from the Indian Institute of Technology, Madras, an M.B.A. from the Indian Institute of Management, Calcutta, and a Ph.D. from the Wharton School, University of Pennsylvania.

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