Flipkart CEO Kalyan Krishnamurthy has, since his second innings at the homegrown online platform in 2016, worked on a number of areas including a major reshuffle in its senior staff.
Within a period of 6-8 months, Krishnamurthy has slashed the number of SVPs in Flipkart to just four from 23.
Over the past year, Flipkart had started promoting its internal talent along with hiring some key executives from outside to reshape its top deck. Two weeks ago, it bumped up Anil Goteti, Rishi Vasudev, Ajay Veer Yadav and Adarsh K Menon as SVPs, taking the overall count of SVPs to eight.
These promotions come in the backdrop of Amar Nagaram, head of consumer shopping experience at Flipkart, moving to Myntra-Jabong in a newly created role of chief technology and product officer, and Ayyappan R, VP at Flipkart, taking charge as head of categories at Myntra-Jabong. Myntra’s chief technology officer Jeyandran Venugopal was shifted to Flipkart to head its engineering division.
The organisational structure of the Walmart-owned Flipkart has changed from what it was when Krishnamurthy returned in 2016.
“We have never seen any instability in the company even in the past few years when some leaders left. In 2017, I would have spent 70% of my time in fund raise but the business accelerated, so the company is no longer dependent on a couple of people.” – Kalyan Krishnamurthy, CEO, Flipkart
According to Krishnamurthy, offering local stock incentive has helped Flipkart retain key talent. “Even after Walmart came in, our employees have Flipkart stock. So if you take Flipkart from zero to 100, we get incentivised for that here. That’s a very big differentiator from when you are a subsidiary of an MNC. Almost every year we have provided liquidity to our employees and ex-employees. So whether we are listed or not listed, we have a structured programme,” he said.
While Nagaram and Ayyappan have been handed over significant responsibilities at Myntra, Sandeep Karwa, who was steering the mobile phone category, is now heading Flipkart’s hyperlocal venture, and Smrithi Ravichandran, who has been with the company for seven years, is helming payments and consumer fintech.
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