House cleaning! Flipkart’s logistics head, 2 others quit after new CEO takes charge

Saikiran Krishnamurthy, who was moved from his post as head of supply chain when Flipkart got its new CEO on Monday, is quitting the company along with two other senior executives.

According to The Economic Times, senior vice-president of product Surojit Chatterjee and chief marketing officer Samardeep Subandh are also leaving.

When Kalyan took charge as CEO on Monday, Saikiran’s responsibilities as head of Ekart were truncated and he was being moved “to lead the efforts to set up the Group CEO’s office and help Binny deliver his new charter.” Chief administrative officer Nitin Seth, who was elevated to COO, was also given the responsibility for Ekart. Nitin is also in charge of customer experience and HR.

See: After bad year, Flipkart gets new CEO

Flipkart did not respond to an email asking for comments. A source seconded to Tech in Asia that Saikiran was leaving, but could not confirm the others’ moves.

Flipkart’s exodus continued all through last year into 2017.

A strategy expert from McKinsey, Saikiran was initially hired to be COO of Flipkart’s commerce unit, and later made head of Ekart. Surojit and Samardeep were also top (and expensive) hires made in 2015.

Flipkart has been losing senior executives at an unprecedented rate, even for a fast growing company. In October, Sanjay Baweja, Flipkart’s chief financial officer, left. This was on top of an exodus that had continued all through last year, which counted the company’s vice-president and private label head Mausam Bhatt, senior vice-president of engineering Peeyush Ranjan, product head Punit Soni, chief business  officer Ankit Nagori, and legal head Rajinder Sharma as casualties.

See: More senior execs flee Flipkart; star hire from Google leaves to join Airbnb

Industry insiders put some of the responsibility on Kalyan, who is broadly believed to be Tiger Global’s man in the company, tasked with setting its orders straight.

“Kalyan’s in the house, he will do some major cleaning now,” a senior Flipkart executive had told Tech in Asia when he joined as head of categories for the Indian ecommerce leader.

This post House cleaning! Flipkart’s logistics head, 2 others quit after new CEO takes charge appeared first on Tech in Asia.

from Tech in Asia https://www.techinasia.com/flipkart-loses-more-executives
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