Flipkart Appoints Mr. Kalyan Krishnamurthy as New CEO
Mr. Kalyan Krishnamurthy has been appointed as a new chief executive officer of Flipkart. Yesterday, 9th January, 2017, Flipkart brought all its units under an umbrella firm and elevated Binny Bansal as Group Chief Executive Officer.
Flipkart Group CEO, Binny Bansal said that, “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.”
He said that, Mr. Kalyan Krishnamurthy, currently heading the Category Design Organisation. But now he will become the CEO of Flipkart.
Kalyan will be responsible for operationally driving Flipkart and he will be also responsible for Flipkart P&L. He joined e-commerce firm Flipkart in June from Tiger Global.
Tiger Global is one of the largest investors in the e-commerce firm. Ananth Narayanan will continue his position 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 Flipkart Group CEO, Binny Bansal.
Binny Bansal’s other key responsibility as Group CEO will be to oversee capital allocation across all the group companies, CEO selection and CEO compensation.
According to statement, “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.”
Nitin will report to Kalyan. Also other information like Categories, marketplace, customer shopping experience, private label and marketing will continue to report to Krishnamurthy.
India’s largest e-commerce firm Flipkart Group is in the process of hiring a Group CFO and General Counsel and both of them will also report to Binny Bansal.
While Sachin will continue to be his position as the executive chairman and will work closely with Binny on the new business portfolio.