Ecommerce major Flipkart on Friday promoted Ravi Iyer, Senior Vice President-Corporate Business unit as the finance chief of its ecommerce arm, a source aware of the development told YourStory.
The development was first reported by MoneyControl, citing an internal memo by Flipkart Group CFO Sriram Venkataraman.
According to the report, Iyer would take on CFO duties on top of his existing responsibilities of corporate development, group finance planning and analysis, investor relations, 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 of eKart; and Ashish Surana, Lead – FP&A, Flipkart reporting to Iyer.
Iyer, who has spent over 11 years at the Walmart-backed ecommerce player, worked at ITC for over 12 years. Iyer’s boss Venkataraman, who has spent just about a decade at the company, was at Hindustan Unilever for over 11 years leaving as 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. Prajakta Kanaglekar, VP of HR (Technology); Anurag Singhvi, VP, head of analytics; and Ganesh Ramaswamy, VP (Flipkart) and CPTO, Cleartrip have resigned and are set to move out.
Edited by Kanishk Singh
