McKinsey Director Krishnamurthy joins Flipkart team as COO of commerce division
Flipkart has reportedly hired McKinsey director Saikiran Krishnamurthy, a leading strategy expert, as Chief Operating Officer of its commerce division, adding muscle to the newly carved-out unit under Mukesh Bansal, reports the Economic Times.
According to the report, Krishnamurthy is Bansal's first top hire since the company Flipkart created a three-pronged leadership team last month.
"Saikiran is among the topmost strategy experts in the country and has worked with leaders around the world in many industries," Mukesh Bansal was quoted in the report as saying. "He has a proven track record of delivering high-impact projects and building strong teams and culture."
Flipkart is aggressively hiring senior employees to strengthen its technology, finance and leadership teams. The company set aside an additional 2.5% of its capital for expanding its employee stock ownership plan (ESOP) as it scouts for top executives to join its newly reorganised senior leadership team last month.
Following which Flipkart Co-Founder and CEO Sachin Bansal has moved away from daily operations to lead new initiatives, and Co-Founder Binny Bansal is overseeing supply chain and logistics. Mukesh Bansal was made CEO of commerce, which effectively means he is responsible for all of Flipkart's revenue and oversees day-to-day running of the company.
Krishnamurthy, who had been working with Flipkart as a consultant for the past six months, previously headed consultancy firm McKinsey's chemicals practice group in India.
He has consulted chemicals companies, both globally and in India, helping them shape strategy, build new businesses, and strengthen functional capabilities. The IIM-Ahmedabad graduate, who was with McKinsey for more than 15 years, also led its operations practice and implementation in India.