Flipkart goes for major board reshuffle ahead of IPO
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This story is from December 24, 2020
Flipkart goes for major board reshuffle ahead of IPO
John Sarkar / TNN / Dec 24, 2020, 21:16 IST
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NEW DELHI: Walmart-backed e-commerce giant, Flipkart Group has rejigged its board of directors ahead of its plans to go public.
Kalyan Krishnamurthy, CEO at Flipkart Group will be joining the board from next year along with other new directors, such as, Keki Mistry, VC and CEO at HDFC, two directors from Walmart global CTO and chief development officer, Suresh Kumar and Leigh Hopkins, executive VP of strategy and development at Walmart International.
Flipkart has made key changes to its board as the Walmart, Inc-owned e-commerce giant readies for a proposed initial public offering (IPO) next year. The new directors to the board from next year are Vice-Chairman and Chief Executive Officer (CEO) of HDFC Ltd Keki Mistry, two new directors from Walmart Global Chief Technology Officer and Chief Development Officer Suresh Kumar and Executive Vice-President (EVP) of International Strategy and Development for Walmart International Leigh Hopkins, along with Flipkart Group CEO Kalyan Krishnamurthy. In an internal email to employees this week, Krishnamurthy informed them of the changes, which also include current board members Steuart Walton, Dirk Van den Berghe, EVP of Walmart Asia, Co-founder of MakeMyTrip Rajesh Magow, and Rohit Bhagat leaving the board.
Flipkart reshuffles board ahead of IPO
Flipkart group CEO Kalyan Krishnamurthy will be inducted as director to the company s board, along with HDFC CEO Keki Mistry, Walmart s global CTO Suresh Kumar, and Walmart s Executive Vice-President Leigh Hopkins
BusinessToday.In | December 24, 2020 | Updated 20:36 IST
Flipkart s board reshuffle will be effective from next year
The much-anticipated Flipkart IPO (initial public offering) could be out soon as the online retailer has announced major reshuffle in its board ahead of its plan to list its shares by next year. The reshuffle at the board of Flipkart will be effective from next year.
Flipkart group CEO Kalyan Krishnamurthy will be inducted as director to the company s board, along with HDFC CEO Keki Mistry, Walmart s global Chief Technology Officer and Chief Development Officer Suresh Kumar, and Walmart s Executive Vice-President for international strategy and development, Leigh Hopkins.
Flipkart rejigs board after PhonePe spin-off
Bengaluru-based Flipkart competes with Amazon India and Reliance Industries Ltd.
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BENGALURU :
Flipkart has made key changes to its board even as the Walmart Inc-owned e-commerce firm readies for an initial public offering (IPO) and days after its digital payments firm PhonePe was spun off as an independent entity.
Flipkart Group CEO Kalyan Krishnamurthy will be joining the board along with Keki Mistry, vice-chairman and CEO, HDFC, and two new directors from Walmart - global chief technology officer and chief development officer Suresh Kumar and Leigh Hopkins, executive vice-president of strategy and development for Walmart International.
Flipkart to make changes at the board with the induction of four new personnel
The reshuffle at the board of Flipkart, which will be effective from next year, will see the entry of CEO Kalyan Krishnamurthy as one of the members.
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India’s leading ecommerce marketplace
Flipkart has announced key board-level changes, which will see the exit of few existing members and the induction of new personnel from the next year.
The new directors who will be joining the Flipkart Board along with CEO
Kalyan Krishnamurthy from 2021 are:
Keki Mistry, Vice Chairman and CEO of HDFC;
Suresh Kumar, CTO and Chief Development Officer of Walmart; and