.Flipkart's fashion trend upright chief Arief Mohamad is set to leave the organization, with his task being actually taken over by Myntra chief executive Nandita Sinha, folks in the know told ET.Sinha, who led Myntra to incomes before interest, income taxes, loss of value and also amortisation (Ebitda) level profits previously this year, are going to take on a grown task overlooking the style vertical of Myntra's sister organization. Both Flipkart as well as Myntra are actually had through US-based Walmart. The 2 bodies, though led through Sinha, will definitely continue to be separate, sources added.A representative for Flipkart team confirmed the progression. "Nandita has actually been instrumental in driving the growth of many services within the Flipkart ecosystem. Under her leadership, Myntra has solidified its posture in the apparel industry, while also paving its own pathway for the upcoming stage of development. Flipkart Fashion and also Myntra will certainly continue to operate individually under Nandita's management as she manuals the wider calculated direction for Style," the representative included a statement.The development was actually 1st damaged due to the news portal Moneycontrol. Sinha is actually a Flipkart veteran, having actually spent over eight years at the firm just before taking up the top task at its own fashion-focused sister organization in January 2022. Mohamad has been at Flipkart for 9 years and also has actually led verticals like mobile phone company and also customer development as well as support. Mohamad's leave comes among many recent elderly leadership improvements in Flipkart under group president Kalyan Krishnamurthy.On Might 24, ET mentioned that Flipkart had actually selected Prathyusha Agarwal bad habit head of state (VP) and chief of Shopsy, months after the exit of senior bad habit president Adarsh Menon who used to lead the vertical.On Might twenty, ET mentioned that the company had actually roped in Anuj Rathi as the brand-new chief executive of its travel booking unit Cleartrip, after previous chief executive officer Ayyappan R and also past CFO Aditya Agarwal left behind. Various other SVPs featuring Amitesh Jha, who led market and categories, fintech and also payments move Dheeraj A, as well as Bharath Ram, who headed growth and recognition, among others have actually also left behind the business in the last couple of months.In January, ET disclosed that Flipkart was actually embarking on performance-based cutting across all verticals, including bad habit head of states in engineering and also product, influencing 5-7% of the business's workers.
Posted On Aug 3, 2024 at 02:00 PM IST.
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