Chief People Officer of Flipkart, Krishna Raghavan, has stepped down after over ten years of service with the e-commerce giant.
As per a report by Mint, a senior executive of the company confirmed Raghavan’s departure. The company is yet to determine his successor.
Raghavan has been serving as the Chief People Officer at Flipkart since 2020 and prior to that, he held the position of senior vice president for engineering, fulfillment, and services. He took a brief break from Flipkart between 2016 and 2017 to serve as the Chief Technology Officer at Cleartrip. He initially joined the Walmart-owned e-retailer in 2012.
This significant exit comes amid Flipkart’s ongoing annual festive sales, a peak sales period for e-commerce firms.
Flipkart, which employs over 15,000 people, recently announced a $700 million Employee Stock Option (ESOP) buyback plan. The company also said that the decision to withhold pay hikes for senior management would not lead to more exits, citing a recent promotion cycle and the stock option buyback plan. It has also decided to give increments to nearly 4,000 senior managers to maintain pay parity.
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