Flipkart rejigs top management, CFO leaves the company

In significant top management level changes at Flipkart, interim CFO Kalyan Krishnamurthy is leaving the firm and Fashion Head Mukesh Bansal will now be the marketing chief of the home grown e-commerce major.

Flipkart Vice-President (Marketplace) Ankit Nagori's role has also been expanded and he will now be responsible for books and general merchandise categories as well.

Krishnamurthy, who joined the Bangalore-based firm from investment company Tiger Global in 2013, was also Senior Vice President, Retail. His last day at Flipkart is November 15 and he is expected to join Tiger Global back, a source said.

Besides heading the marketing division, Bansal, who founded online fashion retailer Myntra, which was acquired by Flipkart in May this year for about Rs 2,000 crore (Rs 20 billion), will also look after consumer electronics and computer categories, the source added. Bansal joined the Flipkart board following Myntra deal.

When contacted, a Flipkart spokesperson said: "Flipkart is a new age and agile company and organisational changes are regular for us. Realigning roles and responsibilities help us keep pace with our aggressive growth and the dynamic environment we operate in."

Bansal, Nagori and Krishnamurthy will hold meetings with stakeholders to chalk out a transition plan.

Image: Mukesh bansal (left) and Sachin Bansal Photograph: Courtesy, Flipkart