Flipkart said that Nagaram would lead the Myntra-Jabong business, while reporting directly to Flipkart CEO Kalyan Krishnamurthy
The Chief Executive officer (CEO) of Myntra and Jabong Ananth Narayanan had resigned from the post.
"Amar Nagaram has been named as Head, Myntra and Jabong, reporting to Kalyan Krishnamurthy, CEO of Flipkart Group", Flipkart's official statement read.
"Ananth has played an important role in making Myntra and Jabong into a formidable player in the fashion e-commerce market and steering the company towards sustainable growth. Over the last three and a half years, he and the management team have built a strong foundation for the company which has become known for its innovative approach to business and building a unique culture of fashion and technology that has helped create a differentiated positioning for the business. The Flipkart Board of Directors and Kalyan Krishnamurthy, CEO Flipkart Group would like to thank Ananth for his contributions and wish him the very best for his future endeavors", it added.
"Myntra and Jabong are an important part of the Flipkart group serving our valuable customers. The company will continue to execute the growth strategy and leverage synergies with Flipkart as appropriate. The strong bench strength and new leadership at Myntra and Jabong will allow the business to continue on its strong and sustainable growth trajectory", the official statement read.
Speculating reports are doing round in media 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 reports are also claiming that despite the ongoing talks with Hotstar, it is very much likely that Narayanan might go back to his previous employer McKinsey.
Ananth Narayanan had joined Myntra in 2015 as its CEO. Prior to this, he had spent 15 years at McKinsey across various locations.
After Binny Bansal's exit from the company, 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".
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 "Myntra, Jabong CEO Ananth Narayanan quits")
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