Flipkart promotes 5 Senior Level Execs to Vice President position

Walmart-owned e-commerce platform Flipkart has promoted five of its senior executives to the level of Senior vice-president. The elevations of Manish Kumar, Anand Lakshminarayanan, Ranjith Boyanapalli, Ravish Kumar Sinha and Ravi Iyer were announced by the firm in an email sent by Flipkart Group CEO Kalyan Krishnamurthy on Sunday. With this announcement, a total of 14 executives will now be at the level of Senior vice-president to 14 in India originated e-Retailer.

What are the leadership changes in Flipkart?

A spokesperson, from the company, has confirmed the development of the elevation, as reported.

- Manish Kumar will continue to Head Flipkart’s grocery division

- Anand Lakshminarayanan will remain at Flipkart Data Group

- Ranjith Boyanapalli will also continue to head the fintech and payments division.

- Ravish Sinha will be continuing as the lead Search at Flipkart.

- Ravi Iyer was earlier the Chief of Staff. He had recently been given the charge of Corporate Finance including M&A and Investor relations. He will now be playing an instrumental role in Flipkart’s IPO journey.

A spokesperson commented:

We have been able to create a lot of leaders internally and that practice continues. It’s Kalyan’s style of grooming people he has worked with and taking along his most trusted lieutenants.

The announcement comes at a time when Flipkart has decided to defer pay hikes for its top management this year. This is owing to lower growth on account of the impact of the Covid-19 pandemic on the business. However, the company will still honour all promotions.

Flipkart Group CEO Kalyan Krishnamurthy on Sunday announced the elevations of Manish Kumar, Anand Lakshminarayanan, Ranjith Boyanapalli, Ravish Kumar Sinha and Ravi Iyer in an email. These people will still retain their roles but on a higher designation.

Read More: Flipkart’s venture FarmerMart gets rejected by DPIIT to get into food retail sector