Bijoya Roy, who has led Flipkart’s authorized operations since January 2019 will transition to the position of vice chairman and head of authorized on the firm and can report into Panigrahi, CEO Kalyan Krishnamurthy stated in an electronic mail to staff on 17 December. “On this position, Saroj will probably be chargeable for all authorized issues in Flipkart with explicit give attention to board administration, mergers and acquisitions, company governance, and regulatory compliance,” Krishnamurthy stated within the electronic mail.
The Financial Occasions has seen a duplicate of the e-mail.
After stints at Vodafone Group, Reliance Industries and Accenture, Panigrahi involves Flipkart at a time when the corporate is getting ready for an preliminary public providing (IPO) scheduled for a while this 12 months or the following. Flipkart confirmed his appointment however didn’t touch upon whether or not it was linked to the corporate’s IPO plans.
Final month, ET reported that Flipkart had initiated a
major board reshuffle, bringing in 4 new members, together with CEO Kalyan Krishnamurthy, forward of the deliberate IPO. The opposite three are HDFC CEO Keki Mistry, Walmart’s world chief know-how officer Suresh Kumar and Walmart’s government vice chairman for worldwide technique and improvement Leigh Hopkins.
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