Walmart owned Flipkart considers hiring a new Chief Executive Officer (CEO) at the group level in place of Binny Bansal– Report by Mint.
Walmart is considering both internal and external candidates for the group CEO role, and Flipkart CEO Kalyan Krishnamurthy is one of the candidates likely to become group CEO, the people said, requesting anonymity. Flipkart may decide to name 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.
Kalyan Krishnamurthy was appointed as Flipkart’s CEO in January 2017. Walmart acquired almost 77 percent of Flipkart in May, for nearly $16 billion in what was the U.S. retail giant’s largest-ever deal and a move to take on arch rival Amazon in a key growth market.
Last week, Walmart moved several of its leaders to senior positions at the group level at Flipkart. It appointed a new chief financial officer, general counsel, chief ethics and compliance officer and group controller, according to an Economic Times report.