Flipkart CEO Kalyan Krishnamurthy is shuffling the technology teams at Flipkart and Myntra in a bid to restructure its fashion business.
As per an ET report, Amar Nagaram, head of consumer shopping experience at Flipkart, has been moved to fashion portal Myntra in a newly-created position of chief technology and product officer (CTPO). Similarly, Myntra’s chief technology officer (CTO) Jeyandran Venugopal has moved to Flipkart to head its engineering division.
Earlier, Flipkart's mobile category head Ayyappan R was appointed to lead category management at Myntra. Both Nagaram and Ayyappan are considered to be close aides of Krishnamurthy.
As per sources close to the development, Nagaram may eventually head Myntra. Ananth Narayanan, a former McKinsey executive who joined Myntra as CEO in July 2015, is expected to step down from the company by January or February. While speculation has been rife about Narayanan’s departure, he has denied the news.
With Nagaram at the helm, CEO Kalyan Krishnamurthy would also exercise tighter control that Krishnamurthy will have on Myntra’s operations. Nagaram has worked at Flipkart for about seven years, joining as an engineering manager in 2012 and then moving onto different roles and finally taking on as the Vice President heading consumer shopping experience.
It was reported earlier that the merger would lead to downsizing of Jabong’s 400-member team by almost 50%. In a town hall meeting, it was announced that about 250 jobs will be cut as Myntra and Jabong are combining functions from finance, technology, marketing and creative teams among others departments.
While the plan to draw synergies between the two companies through restructuring bides well for the long term, in the short term, it could mean more churn, though as per the report, majority owner Walmart isn’t looking to make drastic job cuts at Myntra. The synergy is likely to come in the areas of sourcing products from various fashion labels and merchants, among other areas.