E-commerce marketplace Flipkart has appointed former VP of Product Management at Motorola Mobility (a Google division) and Google veteran Punit Soni as its chief product officer, reports The Economic Times. The report mentions that Soni is expected to join Flipkart in the first week of April and will be reporting to the CEO of the Commerce Division Mukesh Bansal.
Am heading to Flipkart as its Chief Product Officer. http://t.co/7rC8E59i4Q
— punitsoni (@punitsoni) March 4, 2015
It’s worth noting that earlier this week Flipkart had brought on board McKinsey’s Saikiran Krishnamurthy as chief operating officer of the Commerce Division.
Interestingly, Soni mentions in a blog post:
The energy in Bangalore feels like the Valley and Flipkart with a footprint of millions is at the forefront. It is the opportunity to create the biggest impact and made sense after the amazing journey at Google.
Prior to this, Soni had been serving in an advisory role at Google for the past six months. He had quit as VP of Product Management at Motorola Mobility in September last year, after over 2 years with the division. Soni had first joined Google as a Product Manager in June 2007, and had since served in various roles including as Lead Product Manager for Google+ Games and Mobile for 2 years. He has also had stints at Intel Capital, Cadence Design Systems and Softface Inc and Avanti Corporation.
In November last year, Flipkart had reshuffled its top management and gave Myntra founder Mukesh Bansal more responsibility. Bansal had joined Flipkart after it acquired Myntra in May last year. Following the reshuffle, Bansal started heading marketing besides leading all functions related to fashion. He was also made responsible for categories like computers and consumer electronics. At the time, former marketing chief Ravi Vora had been reassigned and tasked with ‘building consumer brands from the ground up’, while Flipkart Marketplace head Ankit Nagori also got a higher profile, and was expected to oversee general merchandise and book-retailing.
Since then, Flipkart has appointed Tata Communications Global CFO Sanjay Baweja as its Chief Financial Officer, former CEO of Calvin Klein India Rishi Vasudev as its Vice President- Fashion (Retail), and Parameswaran Balakrishnan as its Vice President- HR for supply chain.
Apparently, Flipkart has reserved about 2.5% of its capital for possibly expanding its employee stock ownership plan (ESOP) as it plans to bring on board more top executives, as indicated by this ET Tech report.