Flipkart Rejigs Top Management; Binny Bansal New CEO
Sachin Bansal will be the Executive Chairman while Binny Bansal will take over as the Chief Executive Officer
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.
Sachin Bansal, CEO and co-founder of Flipkart, will be the Executive Chairman of the company and Binny Bansal, COO and co-founder of Flipkart, will be the Chief Executive Officer
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.
All the business areas - commerce, Ekart and Myntra – will now report to Binny. All corporate functions including human resources, finance, legal, corporate communications and corporate development will also report to Binny.
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.
Sachin Bansal, Former CEO, Flipkart
In this next phase of the journey, it will be our endeavour to fulfil this responsibility and prove that India can produce a world-class internet company that can outshine any global behemoth.
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.
Binny Bansal, CEO, Flipkart
The journey ahead is equally exciting and challenging.
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