The Hush Post|19:30 pm|1-min-read
Ananth Narayanan, the Chief Executive Officer of Myntra and Jabong has quit to persue other opportunities, the companies said on Monday. According to the media reports, now Amar Nagaram has been named as the head of Myntra and Jabong. He will report to Flipkart Group CEO Kalyan Krishnamurthy. Amar Nigagam recently moved to Myntra as part of the reshuffle between the two companies.
Ananth, 42, has been with the company for the past three years. He has played a key role in making Myntra and Jabong a big competitor in the fashion e-commerce market.
Narayanan’s departure comes after Walmart had merged the two fashion businesses of the Flipkart Group – Myntra and Jabong – in November 2018. Myntra said, all Jabong’s functions will be integrated with itself. However, Walmart declared, the combined entity, would come under the direct control of Krishnamurthy. The merger is aimed at bringing about synergies between the two retailers and cut costs.
Narayanan said, “While this was not an easy decision, I feel the timing is right. We are at an incredible position in the market. We have a set of long term investors in Walmart and have an outstanding team that can take Myntra and Jabong to even greater heights” .
Meanwhile, “Amar, who recently moved to Myntra from Flipkart, has been with the Group for about seven years. He has played a pivotal role in making shopping accessible and affordable on every connected device,”.
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.