your password has been reset successfully, Please login again.

Myntra & Jabong CEO, Ananth Narayanan, Resigns From The Post

Ananth Narayanan resigns from CEO post owing to the new restructure.
BY BEx Bureau
BusinessEx
Jan 14, 2019

Following the re-jig in Flipkart, another significant change has taken place in the system as Myntra and Jabong CEO, Ananth Narayanan has resigned from the C-level post. The parent company, Flipkart shared this news on Monday, stating Narayanan has decided to step down as CEO of Myntra and Jabong to pursue external opportunities. (Source: ET)

The company, further added, Amar Nagaram has been named as Head, Myntra and Jabong, and will report to Flipkart Group CEO Kalyan Krishnamurthy. (Source: ET)

For a long time, there were speculations that Myntra and Jabong CEO might quit the role following the resignation of Binny Bansal, the then CEO of Flipkart. After the resignation of Bansal, a new reporting structure was undertaken and this change was expected.

Owing to the new adopted structure, both the e-commerce companies, Myntra and Jabong, come under the governance of Flipkart. Thus, Narayanan was reporting to the then newly appointed Krishnamurthy, Myntra and Jabong CEO.

Some reports infer that Narayanan might shift to Hotstar, content streaming application. However, no definite revelation made so far.

Please add your Comment
SIMILAR News
March 22, 2019
After the fresh funding round, Bjyu, the private education technology company, has become the fourth ...More
By Jaspreet Kaur
March 22, 2019
Through the current pricing, the company anticipates to garner capital up to INR 25,000 crore ...More
By Jaspreet Kaur
March 20, 2019
The South Korean automotive companies, Hyundai Motors and Kia Motors on Tuesday proclaimed that they ...More
By Jaspreet Kaur
March 20, 2019
On Wednesday’s morning, the shares of the IT sector are trading in the positive spectrum. ...More
By Jaspreet Kaur
March 16, 2019
The smartphone maker, Xiaomi has taken this decision in order to surge the sales ...More
By Jaspreet Kaur
March 16, 2019
Reliance Jio Infocomm Limited, a telecommunications company may release 5G services in the latter ha ...More
By Jaspreet Kaur
March 14, 2019
The investing groups along with Softbank Corp and Toyota Motor Corp are deciding on to endow money u ...More
By Jaspreet Kaur
March 14, 2019
The present deal has ruled out adversaries of OYO that are, Treebo Hotels-financed by SAIF Partners ...More
By Jaspreet Kaur
March 13, 2019
With this move, the conglomerate company has incremented 5-10 points in respect of cost that the com ...More
By Jaspreet Kaur
March 13, 2019
The decision has been taken considering the succession planning idea and owing to which, Rahul Bajaj ...More
By Jaspreet Kaur
March 12, 2019
JMC Projects, an Indian Construction and Engineering Company, revealed that it has accumulated contr ...More
By Jaspreet Kaur
March 12, 2019
By launching daycare facility, BOB has become the first bank amid public sector banks to offer this ...More
By Jaspreet Kaur