Flipkart's Chief People Officer Quits After Decade-Long Association: Report
Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

Congratulations!
You have successfully subscribed.

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.

See Also: Adani Ent’s Share Price Under Pressure After The Latest Blow From Regulators

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.

Read Next: SBI Alerts Customers Of Potential UPI Service Disruptions: What You Need To Know


Engineered by Benzinga Neuro, Edited by Utkarsh Roshan


The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.


Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...
FlipkartKrishna Raghavan