Flipkart has named former Tiger Global executive Kalyan Krishnamurthy as the chief executive of India’s largest online retailer in a new organisation structure announced on Monday.
Co-founder Binny Bansal, who was till now the CEO, will head the newly formed Flipkart Group organisation, the e-commerce major said in a media statement.
The Flipkart Group organisation will focus on value creation through a portfolio of "new high-growth businesses", while also managing capital allocations across group companies such as Flipkart, Myntra-Jabong and PhonePe.
Binny had replaced co-founder Sachin Bansal as the CEO in January 2016, when the latter was named as the executive chairman of the group. Sachin will continue his duties in his current leadership role, the statement added.
(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)