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Senior Management Exodus At Flipkart Continues, Chief Product Officer Punit Soni Quits

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Flipkart — in all its certainty — is fighting two wars at the same time. The one is with the external factors- taxation issues, valuation troubles, profitability concerns and of course, fund-raising woes. And the other and perhaps a more crucial one being the internal war in dealing with management changes, changes in company structure, and to top it all,  mass employee exits.

Another name has joined the list of ex-Flipkart employees and this time it is Chief Product Officer Punit Soni who was brought in from Silicon Valley about a year ago with much aplomb by the company.

A former Google executive with an expertise in mobile technology, Punit was made Head of product development at Flipkart. He was responsible for enhancing product design capabilities and also took care of building a strong technical team. Punit had reportedly made up his mind to quit the company three months back but the company was denying such possibility.

During the restructuring process which took place at Flipkart a few months back, the company had claimed that Punit was being transitioned from his current role to work with the new CEO Binny Bansal on company-wide initiatives.

However, Flipkart has now confirmed the exit of Punit but of course, with no reason being disclosed behind his decision to leave the company.

Punit Soni joins the list of major Flipkart employees who have left their positions recently. Myntra founder and head of commerce division at Flipkart, Mukesh Bansal and Chief Business Officer Ankit Nagori also quit their positions to start their own entrepreneurial ventures.

Before them, last year also Flipkart had to deal with the leaving of its senior executives such as Ravi Vora, Head of strategic initiatives and Sameer Nigam, Senior vice-president of engineering.

That has led the company to make many more new appointments as well in recent few months. It brought former Twitter executive Tarun Jain to head its product division, appointed ex-Googler Peeyush Ranjan as Chief Technology Officer, and hired another ex-Googler, Surojit Chatterjee to head Consumer experience.

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