Flipkart, the e-commerce major, has appointed 5 senior officials at the VP (vice president) level. This comes in an effort to reinforce its top management. The decision follows Walmart’s entrance into the firm as its biggest investor, and is believed to be significant since the web retailer has been cutting its top management over the last 2 Years, particularly after Kalyan Krishnamurthy took over as the firm’s CEO.
The Bengaluru-located e-tailer, which is in the procedure of getting a concluding regulatory approval for Walmart’s 77% share in the firm, has appointed these VPs all over functions such as corporate strategy, fashion, risk management, engineering, services group, and shared technology. They comprise Srinivasulu Grandhi, Dev Iyer, Naren Ravula, Phanimohan Kalagara, and Vineet Sethi.
A spokesperson of Flipkart verified the news to the media in an interview.
Krishnamurthy has made an effort to keep the organizational framework less top-heavy. Currently, the firm has 5 officials who are senior VPs. This is considerably less than the 14 SVPs the firm had earlier in 2015.
Among the new employees, Iyer will update to Rishi Vasudev who is managing the home & furniture and fashion businesses while most of the other new members will directly update to Krishnamurthy. The total number of senior VPs at the firm, comprising the new members is now 28.
Earlier, Iyer (VP for fashion) had worked with ITC and Reckitt Benckiser while Grandhi (VP for services group and shared technology) has had stints at Microsoft and Amazon. Kalagara is joining the firm after a 12 Year spell with PayPal while Ravula (VP of corporate strategy) has worked at firms such as NetApp and Salesforce. However, Sethi (VP of risk management) has worked with EY and PwC among others. Sethi will report to Pramod Jain (lead for compliance, risk management, and assurance).