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CEO of Myntra, Jabong Ananth Narayanan quits
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IANS | 15 Jan, 2019
The Chief Executive of Flipkart Group's e-tail portals Myntra and
Jabong, Ananth Narayanan, has stepped down from the post, the companies
said on Monday.
"Ananth has decided to step down as the Chief
Executive Officer (CEO) of Myntra and Jabong to pursue external
opportunities," city-based Myntra and Jabong said in a statement here.
Ananth,
42, who has been with the company for the past three years, has played a
key role in making Myntra and Jabong a formidable player in the fashion
e-commerce market, the statement added.
The portals have named
Amar Nagaram as the head of Myntra and Jabong, reporting to Flipkart
Group's Chief Executive Kalyan Krishnamurthy.
"Amar, who recently
moved to Myntra from Flipkart, has been with the Group for about seven
years and has played a pivotal role in making shopping accessible and
affordable on every connected device," the statement said.
As the
country's largest e-commerce player, the 11-year-old Flipkart Group,
which is owned by American retail giant Walmart, includes e-tail sites
Flipkart, Myntra, Jabong and digital payment platform PhonePe.
In May last year, Walmart bought a 77 per cent equity stake in the company for a whopping $16 billion (Rs 1,16,256 crore).
The fashion e-tail sites Myntra and Jabong remain an important part of the Flipkart Group, the companies said.
"The
new leadership at Myntra and Jabong will allow the business to continue
on a strong and sustainable growth trajectory," the statement added.
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