Binny Bansal steps down as Group CEO of Flipkart

Binny Bansal steps down as Chairman and Group CEO of Flipkart after an allegation of serious personal misconduct.
Bansal became the CEO of Flipkart in January 2016 and was elevated to Group CEO a year later.
Now Kalyan Krishnamurthy was appointed CEO of Flipkart, and Ananth Narayanan appointed CEO of Myntra and Jabong and will report to Kalyan.
According to Walmart, Bansal has been contemplating a transition for some time now, and the company has been working with him on a succession plan, which has now been accelerated with the allegations of personal misconduct.

Published On : 14 Nov 2018