kalyan krishnamurthy is the new ceo of flipkart
NEW DELHI: In a major
restructuring, e-commerce major Flipkart on Monday brought all its
units under an umbrella firm and elevated Binny Bansal as Group Chief Executive
Officer. Kalyan Krishnamurthy, currently heading the Category Design
Organisation, will become the CEO of Flipkart. Co-founder Sachin Bansal will
continue as executive chairman. "We are now ready to build the Flipkart of
the future as we continue on our journey of transforming commerce in India
through technology. I am confident that this new organisation structure will
deliver further value for Flipkart group," Flipkart Group CEO Binny said
in a statement. The development comes
within a year of the previous high level rejig at Flipkart when Binny Bansal,
then chief operating officer, was appointed Flipkart CEO, replacing Sachin
Bansal, who was appointed executive chairman.
"Kalyan Krishnamurthy, currently heading the Category Design
Organisation, will become the CEO of Flipkart. Kalyan will be responsible for
operationally driving Flipkart and will be responsible for Flipkart
P&L," the statement said. Krishnamurthy
joined Flipkart in June from Tiger Global, which is one of the largest
investors in the e-commerce firm. Ananth Narayanan will continue as CEO of
Myntra-Jabong and Sameer Nigam as CEO of PhonePe. Flipkart, Jabong-Myntra and
PhonePe will operate under this group structure and their CEOs will report to
Binny. Flipkart Group Organisation will focus on building a portfolio of new,
high value-creating businesses that are disruptive and will transform commerce
in India, it said. "To evaluate these opportunities and construct this
portfolio of new businesses, Flipkart Group Organisation will have a Group
Strategy function as well as mergers and acquisition," it said. The other key responsibility of Binny as
Group CEO will be to oversee capital allocation across all the group companies,
CEO selection and CEO compensation.
"Nitin Seth, presently the Chief Administrative officer, will be the COO for Flipkart. In his new role, Nitin will be responsible for Ekart and customer experience in addition to his existing role leading HR, strategy to execution capabilities and corporate functions for Flipkart," the statement said.
"Nitin Seth, presently the Chief Administrative officer, will be the COO for Flipkart. In his new role, Nitin will be responsible for Ekart and customer experience in addition to his existing role leading HR, strategy to execution capabilities and corporate functions for Flipkart," the statement said.
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