Mumbai: As per media reports, Walmart-owned e-commerce firm Flipkart is seeing the exit of a few top-level resources. Adarsh Menon who held the designation of senior vice president and head of new businesses is on his way out. It is rumoured that Menon may pursue his entrepreneurial ambitions. One of the other exits from the company is that of Ravish Kumar Sinha.
Menon has been a vital member of the Flipkart leadership team for over eight years and has played a significant role in the growth and success of Flipkart. He has held several leadership roles for businesses including Electronics BU, Flipkart Private Brands & Private Labels, Flipkart Wholesale, and Furniture BU.
Sinha, too, is ending his eight-year-old tenure at the company. Sinha played an essential role in Flipkart’s growth and success. As the leader of the Fulfillment Service Group, and Central Functions Group, he spearheaded numerous initiatives to enhance the customer experience, increase profitability, and drive growth. He additionally headed several key charters during his tenure, including Shopping Experience, Ads, Marketplace, and Planning.
Last year, Flipkart went through a restructuring and came up with two units–New Businesses and M3–for focus and to scale up. ‘New Businesses’ comprised travel (Cleartrip and Flipkart Travel), social commerce platform Shopsy, and ReCommerce. Flipkart CEO Kalyan Krishnamurthy gave the responsibility to head these businesses to Menon, who at that time was senior vice president of category design and operations.
Before Flipkart, Menon worked for 11 years at the FMCG major Hindustan Unilever. At Flipkart, he reported to Krishnamurthy.
As per media reports, Flipkart has reshuffled executives at the vice-president level in some categories. It is believed that the firm undertakes the reshuffle at the VP level, every three years. This allows executives to head different businesses. Many of those who shifted to other roles had already assumed responsibilities.
Early this year, Flipkart told employees that it will not be handing out increments to its senior leadership in the Grade 10 and above category — that includes roles as diverse as managers to vice-presidents — in what it termed as a ‘difficult decision’ that was expected to impact 4,500 personnel.
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