Flipkart Group CEO Binny Bansal Resigns Over Serious Personal Misconduct
Mumbai : Filpkart Group CEO Binny Bansal has recently announced his resignation from the role “His decision follows an independent investigation done on behalf of Flipkart and Walmart into an allegation of serious personal misconduct. He strongly denies the allegation”
Walmart in a Press statement said that “an independent investigation done on behalf of Flipkart and Walmart into an allegation of serious personal misconduct”
“His decision follows an independent investigation done on behalf of Flipkart and Walmart into an allegation of serious personal misconduct. He strongly denies the allegation. Nevertheless, we had a responsibility to ensure the investigation was deliberate and thorough. While the investigation did not find evidence to corroborate the complainant’s assertions against Binny, it did reveal other lapses in judgement, particularly a lack of transparency, related to how Binny responded to the situation. Because of this, we have accepted his decision to resign” the statement further read.
Moving ahead statement also stated that Kalyan Krishnamurthy will continue to be CEO of Flipkart which will now include Myntra and Jabong, continuing to operate as separate platforms within the Flipkart business.
Meanwhile statement released by Walmart and Flipkart has not spoken anything about what exactly happened, what allegation have made on former CEO Binny Bansal, as per reports the complaint has been filed by someone from the company itself.
Ananth Narayanan will continue providing great leadership as CEO of Myntra and Jabong, and will report into Kalyan. Sameer Nigam will continue leading PhonePe as CEO. Both Kalyan and Sameer will report directly into the board the statement further added.
Both the founders of Flipkart are out now, whereas Sachin had left the company after the Walmart deal as Walmart favoured making Binny as a CEO.
