Top 3 executives leave Flipkart, restructuring continues

Three top level executives resigned from top management level in Flipkart, day after the e-commerce giant named new CEO Kalyan Krishnamurthy, who is building his team of top executives primarily consisting of company veterans.

The executives leaving the company are Saikiran Krishnamurthy, who headed the e-tailer supply chain unit Ekart; senior vice president Surojit Chatterjee, who headed product and chief marketing officer Samardeep Subandh.

Reportedly, the three of them had joined Flipkart in 2015 when Flipkart was aggressively hiring top talent from outside after raising over $2.6 billion in funding between 2014 and 2015.

The reason for the departure of three executives could not be immediately ascertained.

The exit of these executives comes after Flipkart announced that Kalyan Krishnamurthy will be the CEO of the main horizontal commerce unit and also oversee Ekart.

Binny Bansal was elevated to Group CEO and will oversee other businesses, including payments (PhonePe) and fashion (Myntra, Jabong), in addition to finding new growth drivers for the group.

As a part of this reorganisation Nitin Seth, current chief administrative officer at Flipkart, was made the COO for Flipkart with additional responsibility for Ekart and customer experience besides HR, strategy and corporate functions.

Seth was directly reporting to Kalyan Krishnamurthy under the new structure. Saikiran Krishnamurthy, a strategy expert from McKinsey, was initially roped in as COO of Flipkart's commerce unit and later went onto lead Ekart.

Other two executives - chief product officer Punit Soni and chief technology officer Peeyush Ranjan - left the company last year.