Flipkart's Chief Executive Officer Binny Bansal had quit after allegations of personal misconduct.
After Binny Bansal's exit from the Walmart owned Flipkart over personal misconduct, it's now being reported that Myntra's and Jabong CEO Ananth Narayanan might also leave the company. According to media reports, Narayanan might quit due to his personal rift with Kalyan Krishnamurthy, who is now the new CEO of Flipkart.
"If Ananth has to report Kalyan, he will also not stay for long because Kalyan already has Rishi Vasudev who manages fashion," a person familiar with the development was quoted as saying by Moneycontrol.
However, Walmart said, "Narayanan will continue as CEO of Myntra and Jabong and will report to Krishnamurthy. Sameer Nigam will continue to head PhonePe -- Flipkart's payments unit -- as CEO. Both Krishnamurthy and Nigam will report directly to the board".
Flipkart's Chief Executive Officer Binny Bansal had quit after allegations of personal misconduct. The chief executive of Flipkart Group, Walmart Inc's Indian e-commerce business, resigned following an internal probe into accusations of "serious personal misconduct," Walmart said Tuesday.
The misconduct accusations followed an allegation of sexual assault, two people familiar with the matter said.
In a note sent to Flipkart employees, which was seen by Reuters, Bansal said recent events led him to step down from his role as chairman and CEO. He said the events related to a claim of misconduct against him, "which was uncorroborated after a thorough investigation completed by an independent law firm." Bansal did not give details of the nature of the claim. "The allegations left me stunned and I strongly deny them," he wrote.
"The investigation, however, did bring to light lapses in judgment, particularly a lack of transparency, related to how I responded to the situation," he said, without elaborating further.
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 "After Binny Bansal's exit, Myntra's CEO Ananath Narayanan to quit?")
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