Flipkart has reshuffled its senior management roles once again in a move to help its CEO Binny Bansal focus on broader group-level issues. The rejig, which involves four of its top executives, gives a wider role to Kalyan Krishnamurthy, a Tiger Global executive, according to an internal note circulated to company employees which was reviewed by TOI.Commerce, the core business of the company, will now be managed by Kalyan - who came back for a second stint at Flipkart in June as its category head - while Saikiran Krishnamurthy, who was heading the company's logistics business E-Kart, will now look after the supply-chain side of the commerce platform. The ads business, which was headed by Ravi Garikipati, will also come under the purview of Kalyan, who earlier served as Flipkart's CFO and also headed category management between 2013 and 2014.
New York-based investment fund Tiger Global is Flipkart's largest investor, having pumped $1 billion into the Bengaluru-based online retailer. The latest developments come ahead of the festive season, which is crucial for all e-commerce players. This year the nine-year-old company is fighting a fierce battle with Amazon, which is threatening to topple the homegrown e-tailer from its pole position. A successful festive season is all important for Flipkart to retain its leadership over its American rival.
"To simplify the commerce business, a number of functions will be consolidated under Kalyan. Category design organisation (CDO), marketplace, marketing, and customer shopping experience organisations will now be part of the commerce business structure led by Kalyan. Consequently, Surojit Chatterjee, Samardeep Subandh, Anil Goteti, and Mausam Bhatt will report to Kalyan. The CDO structure remains unchanged. In addition, with the successful incubation of the ads business, it will be consolidated under the commerce business," the note said. Both Kalyan and Saikiran will report to Binny.
Garikipati, who was heading the ads business, will oversee all engineering functions across Flipkart while Nitin Sethi's role will expand from chief people officer to chief administrative officer. In his new role, Sethi will consolidate various central functions for Flipkart, including strategy, strategy deployment, quality, HR, corporate development, analytics, planning, communications, the note said. A Flipkart spokesperson declined to comment on the matter. In January, Flipkart went through its biggest management change which saw Binny taking over as the CEO while Sachin Bansal assumed the role of executive chairman. Following that, Mukesh Bansal and Ankit Nagori - two of the most high-profile executives at the company - left India's largest e-commerce company. "Towards the goal of creating Flipkart group as an e-commerce conglomerate, organisational changes have been announced with the following three objectives: increasing focus on Flipkart group, consolidation to simplify organisation and creation of a top-team with clear accountabilities," the note said.
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