Flipkart has promoted former Tiger Global Management executive Kalyan Krishnamurthy as the new chief executive to run the operations of India's largest online retailer. Mr.Krishnamurthy is replacing co-founder Binny Bansal, who has been elevated to the position of Group CEO.
Restructuring of Flipkart
The company announced a new organisation structure with Flipkart Group organisation at the apex level. It said that the newly formed ‘Group Org’ will focus on creating future value through a portfolio of new and high growth businesses. It would also manage capital allocation across group companies, and ensure each business has a strong CEO in place.