A day after Flipkart appointed Kalyan Krishnamurthy as its new chief executive officer, three top-level executives have left the country's largest e-commerce marketplace.
Saikiran Krishnamurthy, the head of Ekart; Surojit Chatterjee, SVP of Product Management; and Samardeep Subandh, chief marketing officer, have all left the company according to persons in the know of the situation.
The exits are part of Kalyan Krishnamurthy cleanup operation at Flipkart which began under the reign of co-founder and former CEO Binny Bansal last year. He has been mandated to cut losses while still growing the overall business in order to fend off an attack from global rival Amazon.
Flipkart spokesperson declined to comment on the developments.
All three executives had joined Flipkart in 2015, a time when the company was focused on hiring top talent offering them hefty compensation packages. Since the start of last year, several of these executives have left the company as investors began putting pressure on rationalising costs and the company missed goals.
Kalyan Krishnamurthy's elevation to the position of CEO is itself seen as a move forced by investors, particularly Tiger Global, where he was employed before returning to Flipkart in June last year. It is expected that there could be more senior level exits in the months to come as Krishnamurthy puts together a leadership team of his choice.(Read More)
