Walmart is considering both internal and external candidates for the position of group CEO, the report added.
Walmart Inc’s Flipkart unit is considering naming a new chief executive officer (CEO) at the group level in place of Binny Bansal, the Mint daily reported on Monday, citing two people familiar with the matter. Flipkart Chief Executive Officer Kalyan Krishnamurthy is one of the leading candidates for the position, the newspaper said, citing sources.
Walmart is considering both internal and external candidates for the position of group CEO, the report added.
Flipkart may name a new group CEO, partly because co-founder and current group CEO Binny Bansal is not actively involved in daily operations, the paper reported, adding that Binny Bansal will remain the chairman of the company.
Krishnamurthy was appointed as Flipkart’s CEO in January 2017. Walmart acquired about 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.
Flipkart was not immediately available for comment.
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.
Meanwhile, disruption in e-commerce category has been because of Flipkart for the last 10 years and it would continue so for another decade, Chief Executive Officer of Flipkart Kalyan Krishnamurthy said earlier.
Flipkart does not strategise business matters based on the behaviour of their competitors, but on their strategy to woo customers to make purchases from their technological platforms, the CEO told PTI.
"We are not here to prove things based on how our competitors behave in a particular way. We are entirely led by our own strategies to woo customers to make purchases from our technological platforms,"" he said.
"This is the way we look at it. We don't strategise looking at our competitors", he added.
"Disruption in the e-commerce category has been because of Flipkart for the last 10 years. I actually think, the next 10 will also be exactly like that," he said, when asked if Reliance Retail would pose biggest challenge to e-commerce players, including Amazon, in future.
(With inputs from Reuters)
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