Its been just couple of days post Binny Bansal’s appointment as CEO, and Flipkart is already making some essential structural changes in major divisions of the company — including but not limited to commerce, retail, marketing etc.
Reported first by Mint, the core business area of the company — the commerce platforms comprising of marketplace and retail business, have all been split into three parts and an engineering division. The three new product oriented divisions are named as marketplace product group, consumer product group, and service product group.
People working in these teams previously reported to Chief Product Officer, Punit Soni who will move to an unspecified role and work with Binny on company-wide initiatives.
In addition to it, many senior folks have also been reshuffled and given new responsibilities under the new structure. The advertising and supply chain divisions of the company are expected to remain unaffected in the new structure.
The move is aimed at speed up the decision-making at the company as well as to improve the customer service. The commerce platform of the company will continue to be headed by Mukesh Bansal. He will also be looking after the advertising business and report directly to Binny Bansal.
Marketplace product group focussed on third party sellers will be headed by Chief Business Officer, Ankit Nagori. Senior vice-president (product) Surojit Chatterjee will take up the charge of Consumer product group and will be responsible for improving the customer service and Flipkart Mobile app and search.
The former COO of the commerce platform Saikiran Krishnamurthy will take up the mantle of Service product group and will be responsible for fulfilment, post-delivery and seller services.
The engineering division of the company will continue to report to Chief Technology Officer, Peeyus Ranjan. All the people under the new division will work with the finance, HR, and marketing functions of the commerce division. Flipkart is yet to find a human resource chief after its Chief People Officer Mekin Maheshwari resigned in September.
Before this major reshuffle, yesterday Flipkart co-founders had also organised an open meeting to outline the future plans and explaining the move which is aimed at achieving the valuation of $100 billion in next two years.