Myntra CEO Ananth Narayanan likely to move from Flipkart to Hotstar

Myntra's chief executive officer Ananth Narayanan is reportedly in talks with Hotstar for the CEO position. According to an Economic Times report, Flipkart is expected to announce the departure of Myntra CEO Ananth Narayanan, from the fashion e-tailer. 

Citing sources the report said that Narayanan is in discussions with Star TV-owned video streaming app, Hotstar to take up the CEO role. It should be noted that the Hotstar’s CEO position has been vacant after ex CEO Ajit Mohan quit to be Facebook India's managing director. 

The sources further told the publication that despite the ongoing talks with Hotstar, it is very much likely that Narayanan might go back to his previous employer McKinsey.  

“Post the restructuring of the fashion business at the Flipkart group, Myntra and Jabong merged and Walmart did not see a clear role for Narayanan. Also, Narayanan himself was not very certain about the road ahead in this new set-up, as Krishnamurthy was going to take direct control of the two entities as the Flipkart CEO,” a person close to the development said.

Ananth Narayanan had joined Myntra in 2015 as its CEO. Prior to this, he had spent 15 years at McKinsey across various locations. 

Earlier, after Binny Bansal's exit from Flipkart, the Walmart-owned firm appointed Sriram Venkataraman as chief operating officer (COO). 

Among other changes, Amar Nagaram from Flipkart took over as head of engineering and product at Myntra, under CEO Ananth Narayanan. Also, Ramesh Bafna took over as Head of Finance at the fashion e-tailer, succeeding Myntra CFO Dipanjan Basu who has "decided to move on".