Flipkart names Kalyan Krishnamurthy new CEO, Binny Bansal Group CEO

Binny-Bansal
Kalyan Krishnamurthy and Binny Bansal

Kalyan Krishnamurthy and Binny Bansal

E-commerce company Flipkart on Monday named Kalyan Krishnamurthy its new chief executive officer and made co-founder and current CEO Binny Bansal the group CEO in a major organisational restructuring.

Krishnamurthy, a former Tiger Global executive, currently heads the design organisation category.

Co-founder Sachin Bansal will continue to be the executive chairman, “providing strategic direction for existing businesses, mentoring senior leadership, and will work closely with Binny on the new business portfolio”.

Flipkart also named chief administrative officer Nitin Seth as the COO. Seth will be responsible for logistics arm Ekart and customer experience in addition to his existing role leading human resources. He will report to Krishnamurthy.

In addition, the company named Sameer Nigam as CEO of PhonePe. Ananth Narayanan will continue as the CEO of Myntra-Jabong, the company said in a statement.

Krishnamurthy, Narayanan and Nigam will report to Binny Bansal.

The heads of categories, marketplace, customer shopping experience, private label and marketing will continue to report to Krishnamurthy. In addition, the engineering wing led by Ravi Garikapati will now report to Krishnamurthy.

The company also said that Flipkart will hire a Group CFO and a general counsel and that both of them will report to Binny Bansal.

Flipkart’s CFO Sanjay Baweja had quit in October last year.