Ecommerce major Flipkart on Friday promoted Ravi Iyer, Senior Vice President-Corporate Business unit as the finance chief of its ecommerce arm, as per a source aware of the development.
The development was first reported by MoneyControl, citing an internal memo by Flipkart Group CFO Sriram Venkataraman.
As per the report, Iyer would take on CFO duties on top of his existing charter of Corporate Development, Group Finance Planning and Analysis(FP&A), Investor relation and the CEO’s office.
Iyer will be reporting to Venkataraman, who has now moved as the CFO of the Flipkart Group, the larger entity behind Flipkart, Myntra, and ClearTrip.
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Iyer’s appointment would be effective immediately, with
Kannan Ganesan, VP – Business Finance Head, Amit Sood, Business Finance Head – eKart and Ashish Surana, Lead – FP&A, Flipkart reporting to Iyer.
Iyer, who has spent over 11 years at the Walmart-backed ecommerce player, was previously at ITC for over 12 years departing. Iyer’s boss Venkataraman, who has spent just about a decade at the company, was at Hindustan Unilever for over 11 years leaving at the FMCG giant’s General Manager- Finance.
This comes just a week after Swiggy’s Instamart tapped Flipkart’s Senior Vice President Ankit Jain as SVP of Operations for its quick commerce segment.
As per media reports, the Kalyan Krishnamurthy-led company witnessed a string of exits, including three vice presidents (VPs). Prajakta Kanaglekar, VP, human resources (HR) (technology), Anurag Singhvi, VP, head of analytics, and Ganesh Ramaswamy, VP (Flipkart) and chief product and technology officer (CPTO), Cleartrip, have resigned and are set to move out.
(The story was updated to reflect Sriram Venkataraman’s position as Flipkart Group CFO)
