Adding muscle to the newly carved-out unit under Mukesh Bansal, Flipkart has hired McKinsey director Saikiran Krishnamurthy, a leading strategy expert, as chief operating officer of its commerce division.
Krishnamurty who is now 39, Bansal’s first top hire since Flipkart rejigged its top deck to create a novel three-ponged leadership team last month.
Earlier this month Mukesh Bansal told that they were looking to bring new leaders at Flipkart to manage newly identified areas on the organization and to strengthen its technology, finance and leadership teams. In this scenario Saikiran Krishnamurthy,s move comes in the light of Myntra co-founder Mukesh Bansal taking on a mentor-like strategic role.
The co-founders of the company 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 operation. Binay Bansal will be overseeing supply chain and logistic.
Mukesh Bansal said, “Saikiran is among the topmost strategy experts in the country and has worked with leaders around the world in many industries”.
He also added, “He has a proven track record of delivering high-impact projects and building strong teams and culture.”
Mukesh Bansal joined Flipkart when the company bought its online fashion store Myntra for about 2000 crore in May last year. Since then, his profile has been rising steadily at Flipkart, purportedly with the backing of the company’s investors.
“It appears to me that the company may be switching towards a different long-term CEO”. Saikiran Krishnamurthy, who had been working with Flipkart as a consultant for the past six months, previously headed consultancy from McKinsey’s chemical practice group in India.
“Saikiran has the drive for bringing about change in companies that would have an overall impact on the company,” said Myntra’s Verma, who has worked closely with Saikiran Krishnamurthy for more than five years. “He loves his morning swim,” Verma said. Flipkart has the cash to make such hire