E-tailer giant Flipkart has hired McKinsey’s Saikiran Krishnamurthy as COO, Commerce Division, reports ET Tech. A director at McKinsey, Krishnamurthy led McKinsey’s Chemicals and Agriculture Practice along with Operations Practice and McKinsey Implementation in India. Krishnamurthy is an alumnus of IIM-A and has worked with McKinsey for over 15 years.
Top management shuffle
Mukesh Bansal told MoneyControl earlier this month that they were looking to bring in new leaders at Flipkart to manage newly identified areas in the organisation. Krishnamurthy’s move comes in the light of Myntra co-founder Mukesh Bansal taking on a mentor-like strategic role, reports The Hindu’s Business Line. It adds that the co-founders will be focusing on strategic growth for the company, getting out of day-to-day management, planning to focus on long term growth and scaling operations. According to the ET Tech report, Binny Bansal will be overseeing supply chain and logistics whereas Mukesh Bansal was made the CEO, Commerce Division.
According to Krishnamurthy’s McKinsey profile, he has “partnered with major companies in a range of industries to strengthen their operational capabilities, creating a strong foundation for profitable growth. This work has involved several innovations to help clients achieve and sustain improvements—ranging from running “academies” to build capabilities at scale to creating new management tools to measure and improve the long-term health of a business or function.”
Flipkart currently has one open position (Engineering Manager) on their careers page. The ET Tech report adds that Flipkart has set aside 2.5% of its capital to expand ESOPs for top executives. Myntra has already hired 10 executives including Abhishek Verma, Rahul Chaudhary and Sidharth Gupta from McKinsey over the last year. Myntra founder Mukesh Bansal came on Flipkart’s board last year when Flipkart bought the company for INR 2,000 crores.