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Flipkart appoints Kalyan Krishnamurthy as new CEO (Relevant for GS Prelims)

Flipkart has promoted former Tiger Global Management executive Kalyan Krishnamurthy as the new chief executive to run the operations of India's largest online retailer. Mr.Krishnamurthy is replacing co-founder Binny Bansal, who has been elevated to the position of Group CEO.

Restructuring of Flipkart
The company announced a new organisation structure with Flipkart Group organisation at the apex level. It said that the newly formed ‘Group Org’ will focus on creating future value through a portfolio of new and high growth businesses. It would also manage capital allocation across group companies, and ensure each business has a strong CEO in place.

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