Former Tiger Global executive Kalyan Krishnamurthy has been named the new CEO of Flipkart following managerial restructuring.
Binny Bansal has been moved to the newly created position of Group CEO. Krishnamurthy joined Flipkart in June 2016 as head of commerce unit.
Tiger Global is the largest shareholder and investor in the Bengaluru based company. Binny Bansal took over as CEO previously from co-founder Sachin Bansal who was named executive chairman for the group.
The newly formed organisation will focus on creating future value through a portfolio of new, high growth businesses, managing capital allocation across group companies.
Krishnamurthy will report to Binny Nansal along with Myntra Jabong CEO Ananth Narayanan, while Nithin Seth will be COO for Flipkart. Current Ekart CEO Saikiran Krishnamurthy will move to a new role.
Know More About Flipkart- Type of site: E-commerce
- Founded: 2007
- Headquarters: Bangalore, Karnataka, India
- Area served: India
- Founder: Sachin Bansal, Binny Bansal
- Key people: Sachin Bansal (Chairman), Kalyan Krishnamurthy (CEO)
- Industry: Internet
- Services: Online shopping
- Employees: 35,000 (2015)
- Subsidiaries: Myntra, Jabong.com, PhonePe
- Website: www.flipkart.com
