Rishi Vasudev has resigned as the Group Head of Fashion at Flipkart and Head of Myntra. He is exiting India’s largest e-commerce group after five years stint.
Vasudev will be there with the group until March 2020. He is the latest top Flipkart executive to quit after the CFO Dipanjan Basu and Myntra’s CEO Ananth Narayanan had put in their papers in the last one year.
A Flipkart spokesperson said, “Rishi Vasudev, Group Head - Fashion, has decided to leave Flipkart to pursue opportunities outside the company. He has played a key role in building and nurturing the fashion category at Flipkart over the past five years, and more recently, has partnered with the Myntra leadership to bring synergies across the group.”
Earlier in 2019, Vasudev was promoted to Senior Vice President at Flipkart. He was given the additional role of managing Myntra following Narayanan’s departure.
Vasudev was a former CEO of Calvin Klein in India. He joined Flipkart as the head of fashion in 2014.
Vasudev has become one of the most important executives in the management team headed by Kalyan Krishnamurthy post the Bengaluru e-commerce group’s acquisition last year by Walmart $16 billion.
“As a new leader is identified for the business, Amar Nagaram, Head, Myntra Jabong, and Dev Iyer, Head, Flipkart Fashion, will work with Rishi and Kalyan to manage the transition,” the spokesperson added.
The company was looking to take advantage of synergies between the two group companies in terms of sourcing, sharing of technology and logistics, however, it has maintained that the Myntra-Jabong will remain as an independent entity from Flipkart.