Post Sankarson Banerjee‘s resignation as CEO at FutureBazaar.com, the e-commerce portal of the Future Group, Pankaj Tibrewal, who is part of Kishore Biyani’s strategy office for the group Future Group has assumed additional responsibility as CEO of the group’s online shopping portal FutureBazaar.com as well as other online portals the company owns – BigBazaar.com and Pantaloon.com. Confirming the news, Tibrewal told Medianama that he was given the mandate “a few months back.” Banerjee, as we had reported earlier,put in his papers in June.
On if the position was an interim measure, the company spokesperson Atul Takle was ambiguous, saying they were not looking for a CEO right now but “can not say if it is temporary”.
Sankarson Banerjee, ex-CEO at FutureBazaar.com has taken over as Chief Information Officer of India Infoline group. India Infoline is a financial services firm offering broking and wealth management services. It owns the portals Indiainfoline.com and 5paisa.com.
“My background is in technology and so this role is more suited to me. It’s a new opportunity and a bigger role,” said Banerjee, confirming the shift. He resigned from Futurebazaar in June and has served his notice period.
On what plans he had for building India Infoline’s portals, Banerjee, who takes with him experience in running and raising funds at FutureBazaar.com, said he would enhance online trading and focus on growth.