- ACT Fibernet rolls-out 1 Gbps plan in Bengaluru after Hyderabad
- Vishnu Shankar takes charge as &TV business head
- Unitech Shares Plunge 13% As Supreme Court Stays NCLT Order
- Tax department probes unregulated bitcoin exchanges after valuations jump
- Coal scam: Fmr Jharkhand CM Madhu Koda, Fmr coal Secy held guilty
- Deadline for linking PAN with Aadhaar was extended to March 31, 2018
Flipkart sees top management change, Mukesh Bansal gets large role
MUMBAI: In a major top level management change at Flipkart, its fashion head Mukesh Bansal, who is also the founder of fashion portal Myntra, will now be the marketing chief of the e-commerce major.
Besides heading the marketing division, Bansal will also look after consumer electronics and computer categories. He had joined the Flipkart board following the Myntra deal earlier this year, and was also given a seat in the board of directors at the Bangalore-based company.
The move takes place as Flipkart’s interim chief financial officer Kalyan Krishnamurthy leaves the firm to head back to Flipkart investor Tiger Global’s Singapore office. Reports state that his last day at Flipkart is 15 November.
Meanwhile, Ankit Nagori, who currently heads Flipkart’s marketplace vertical, will also be given additional responsibilities and will now be responsible for books and general merchandise categories as well.
Additionally, VP retail and head of strategic alliances Michael Adnani, and head of electronics and computers Amitesh Jha, will now report to Bansal.
A Flipkart spokesperson said, “Flipkart is a new age and agile company, and organizational changes are regular for us. Realigning roles and responsibilities help us keep pace with our aggressive growth and the dynamic environment we operate in.”
Tiger Global has pumped in funds in the excess of $600 million in Flipkart, making the investor its largest stakeholder. Krishnamurthy is the director of finance for Tiger’s portfolio companies and joined Flipkart in 2013 where he managed operations and finance of their global portfolio of companies.