After Naming New CEO, Flipkart Shuffles Senior Staff

After announcing that Binny Bansal would be its new CEO, Flipkart has also shuffled its senior management team. The company has restructured its core retail and marketplace business and moved many of the firm’s senior executives into new roles.

Flipkart’s retail and marketplace business, called the commerce platform, which is led by Mukesh Bansal, will now be organized into three large product-oriented groups and an engineering division, reported Livemint. The three product groups within the commerce platform will be: marketplace product group, consumer product group and service product group. 

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All these product teams were earlier reporting to chief product officer Punit Soni, who will give up his role and work with Binny Bansal on company-wide initiatives in an unspecified role. The engineering division will continue to be led by chief technology officer Peeyush Ranjan, and Chief business officer Ankit Nagori will head the marketplace product group in charge of Flipkart’s third-party sellers. The service product group will be headed by Saikiran Krishnamurthy, the former chief operating officer of the commerce division. This team is responsible for fulfilment, post-delivery and seller services. Mukesh Bansal will continue to be head of the commerce platform at Flipkart and will now additionally run Flipkart’s advertising business, which was previously handled by Sachin Bansal. He will report to Binny Bansal.

Flipkart is still searching for a chief people officer after its previous human resources chief Mekin Maheshwari resigned in September.

These large scale changes are the first order of business instituted by Binny Bansal in his new role as CEO. It has been speculated that Flipkart’s leadership change are indicative of an imminent IPO.