Flipkart scouts for a new group CEO

Flipkart is looking at naming a new group CEO, partly because co-founder and current group CEO Binny Bansal is not actively involved in daily operations. He will, however, remain the chairman of the company. Flipkart chief executive officer (CEO) Kalyan Krishnamurthy may become group CEO. Walmart, which has a 77 per cent share in Flipkart, holds the rights to appoint a new Flipkart CEO or chief financial officer, in the event of a vacancy.

Earlier this month, Walmart moved several of its leaders to senior positions at the group level at Flipkart. Walmart appointed a new chief financial officer, general counsel, chief ethics and compliance officer and group controller. If Flipkart does name a new CEO at the group level, it will mark what will be the fourth major leadership transition in as many years.

In 2015, Flipkart had undertaken a reshuffle that saw the company being split into three separate parts, which were run by Flipkart co-founder and then CEO Sachin Bansal, Binny Bansal and Myntra co-founder Mukesh Bansal. In 2016, Flipkart elevated Binny Bansal to CEO. In 2017, Krishnamurthy, a former executive of Tiger Global Management, took over the role from Binny Bansal, who was named group CEO.