Flipkart CFO Sriram Venkataraman to Step Down; Nishant Verman Comes Back in Key Role
During the transition, Ravi Iyer, who serves as CFO at Flipkart, will take charge of overseeing the broader finance organisation.
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Flipkart, owned by Walmart, has announced a change in its finance leadership, with Group Chief Financial Officer Sriram Venkataraman set to transition out of his role. The company said he will stay on for a period to support a smooth handover of responsibilities.
During the transition, Ravi Iyer, who serves as CFO at Flipkart, will take charge of overseeing the broader finance organisation. The company stated that its finance operations will continue to be supported by existing leadership teams and established governance processes.
In a related development, Flipkart has appointed Nishant Verman as Senior Vice President for Corporate Development and Partnerships. Verman, who previously founded Bzaar, has also worked with Microsoft and Morgan Stanley.
The leadership changes come shortly after reports that Flipkart laid off around 300 employees as part of its annual performance review cycle. The company has also reportedly completed its reverse flip as it moves forward with plans for an initial public offering.
Flipkart, owned by Walmart, has announced a change in its finance leadership, with Group Chief Financial Officer Sriram Venkataraman set to transition out of his role. The company said he will stay on for a period to support a smooth handover of responsibilities.
During the transition, Ravi Iyer, who serves as CFO at Flipkart, will take charge of overseeing the broader finance organisation. The company stated that its finance operations will continue to be supported by existing leadership teams and established governance processes.
In a related development, Flipkart has appointed Nishant Verman as Senior Vice President for Corporate Development and Partnerships. Verman, who previously founded Bzaar, has also worked with Microsoft and Morgan Stanley.
The leadership changes come shortly after reports that Flipkart laid off around 300 employees as part of its annual performance review cycle. The company has also reportedly completed its reverse flip as it moves forward with plans for an initial public offering.
