Flipkart rejig: Binny Bansal becomes CEO, Sachin Bansal is now Executive Chairman

India’s largest e-commerce platform Flipkart announced rejig in the company. Flipkart’s Sachin Bansal, CEO and co-founder of Flipkart, will be the Executive Chairman and Binny Bansal, COO and co-founder of Flipkart, will be the Chief Executive Officer.

Sachin will provide strategic direction for Flipkart, mentor the senior leadership of the company and look for new investment opportunities.

He will play an active role in championing the Indian e-commerce sector and building the internet ecosystem, and represent the company in external forums. Sachin will continue to be the Chairman of the Board.

“In this next phase of the journey, it will be our endeavour to fulfil this responsibility and prove that India can produce a world class internet company that can outshine any global behemoth. We also want to continue to play a pivotal role in shaping the internet and the commerce ecosystem of India,” said Sachin.

Welcome @binnybansal as the CEO of @Flipkart. Together we'll create magic. https://t.co/VZSdJGqEZ9

— Sachin Bansal (@_sachinbansal) January 11, 2016

As the CEO, Binny will now be responsible for operationally driving the company and will be accountable for Flipkart’s overall performance.

All the business areas – Commerce, Ekart and Myntra will now report to Binny. All Corporate functions including Human Resources, Finance, Legal, Corporate Communications and Corporate Development will also report to Binny.

“Today, we are in a very strong leadership position with over 60% market share of the m-commerce market, 50 million customers and clear leadership in smartphones and fashion. We will continue to build world-class customer experience, expand our supply chain infrastructure to reach all parts of India, drive innovations in mobile commerce and bring in disruptive technologies,” said Binny.

(Image: Indiatimes)