Emily McNeal, Group Chief Financial Officer of Flipkart has stepped down from her role. She came on board after the acquisition of Flipkart from the retail giant Walmart. She held the position of Walmart's M&A head before joining the Flipkart Group as Senior Vice President and Group Chief Financial Officer in September 2018.
She has decided to return to the US to pursue a career opportunity outside the Walmart Group, a statement said.
In his new role, Sriram will be responsible for key finance operations and functions at Flipkart and Myntra, including Tax, Risk Management and Treasury. He will also be responsible for Corporate Development at Flipkart, while Procurement, Planning and Analytics and Decision Sciences will continue to report to him.
Speaking on this change, Kalyan Krishnamurthy, Chief Executive Officer, Flipkart Group, said, “We thank Emily for her leadership and guidance in strengthening the governance process and financial reporting at Flipkart post the Walmart investment. She has been instrumental in driving key investments that have enhanced our hyperlocal and fresh food capabilities and has been a strong partner in our organization’s Diversity and Inclusivity journey.
“Sriram has consistently demonstrated his expertise managing several diverse functions at Flipkart and is well poised to take on the responsibilities as Flipkart Commerce CFO. I wish both Emily and Sriram the best for their future endeavors.”
Sriram will begin reporting to Chris Nicholas, Executive Vice President and CFO, Walmart International.
Dawn Marie Ptak, Vice President, and Group Controller continue to be responsible for the Group controllership and the divisional controllership functions for Flipkart, Myntra, and PhonePe reporting to the International Controller in Walmart International. Dawn will take on the responsibility of the Flipkart Group Corporate Level responsibilities for Tax, Treasury, Risk Management, Financial Planning and Analysis, and Internal Audits.