Home / Technology and Science / India’s Flipkart may appoint new group CEO in place of Binny Bansal: Mint

India’s Flipkart may appoint new group CEO in place of Binny Bansal: Mint

(Reuters) – Walmart Inc’s Flipkart unit is thinking about naming a new leader government officer (CEO) on the group stage in place of Binny Bansal, the Mint day-to-day reported on Monday, mentioning two folks conversant in the subject.

FILE PHOTO: Binny Bansal, Group Chief Executive Officer of India’s biggest e-commerce company Flipkart, poses on the corporate’s headquarters in Bengaluru, India July 7, 2017. REUTERS/Abhishek N. Chinnappa

Flipkart Chief Executive Officer Kalyan Krishnamurthy is one of the main applicants for the placement, the newspaper stated, mentioning assets.

Walmart is thinking about each interior and exterior applicants for the placement of group CEO, the document added.

Flipkart may title a new group CEO, in part as a result of co-founder and present group CEO Binny Bansal isn’t actively concerned in day-to-day operations, the paper reported, including that Binny Bansal will stay the chairman of the corporate.

Krishnamurthy was once appointed as Flipkart’s CEO in January 2017.

Walmart obtained about 77 p.c of Flipkart in May, for just about $16 billion in what was once the U.S. retail large’s largest-ever deal and a transfer to tackle arch rival Amazon in a key expansion marketplace.

Flipkart was once now not right away to be had for remark.

Last week, Walmart moved a number of of its leaders to senior positions on the group stage at Flipkart. It appointed a new leader monetary officer, normal suggest, leader ethics and compliance officer and group controller, in keeping with an Economic Times document.

Reporting via Shubham Kalia in Bengaluru; Editing via Sunil Nair

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