In a top management rejig, e-commerce firm Flipkart today appointed Binny Bansal as the Chief Executive Officer and Sachin Bansal as the Executive Chairman.
The statement said that as the Executive Chairman, Sachin will provide strategic direction and mentor the senior leadership as also look for new investment opportunities. While, Binny as the CEO will now be responsible for operationally driving the company and be accountable for Flipkart’s overall performance.
Sachin, who will continue to be the Chairman of the Board, will play an active role in championing the Indian e-commerce sector and building the internet ecosystem and represent the company in external forums.
Binny Bansal said the company is in a very strong leadership position with over 60 per cent market share of the mobile-commerce market, 50 million customers and known for their path-breaking services like Cash on Delivery, 30 day replacement policy.
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