Nitin Seth, former Flipkart COO has served legal notice to the company on account of his wrongful termination. As reported by ET tech, Nitin was asked to quit abruptly in May. Nitin was not found to be culturally fit in the organization which is said to be one of the reasons for his exit, sources disclosed. Also, his elevation to the top executive level in no time saw raised eyebrows.
Reported by People Matters earlier, Seth joined Flipkart in 2016 as Chief People Officer, and then in January 2017, he was promoted as the COO after Kalyan Krishnamurthy took over as the company CEO from Binny Bansal. Seth was reporting to Krishnamurthy. He was in charge of the logistics unit Ekart along with strategy and Human Resources. Nitin resigned from his position as the Chief Operations Officer in May 2017. Post his resignation, Krishnamurthy oversaw all the major functions of the organization.
Before assuming his new role with Flipkart, Nitin Seth was the Managing Director and Country Head for Fidelity International in India. Prior to Fidelity International, Nitin was with McKinsey, where he was the Director of McKC, McKinsey’s global knowledge center in India. He also holds an undergraduate degree in engineering (B.Tech) from the IIT-Delhi.
Flipkart is currently looking to hire senior executives at key positions. Reported by People Matters, several top executives have left Flipkart in recent months. Just a day after Krishnamurthy took over as the new CEO, Saikiran Krishnamurthy, the former Head of Flipkart’s logistics business, Marketing Chief Samardeep Subandh and Products Chief Surojit Chatterjee also stepped down. Not only have all non-founder CXOs quit the company, but several executives from the second layer, including senior vice presidents and vice presidents, have also left.
Flipkart’s Chief Learning Officer, Stefaan van Hooydonk had also put in his papers. As Head of Learning, he was responsible for setting up a corporate University, bringing in newer formats of learning through mobile and gamification methods. He joined Flipkart in August 2015. Flipkart has been undergoing major reshuffling at the top management.