Flipkart COO Nitin Seth, one of the top executive at homegrown e-commerce giant, step down today citing a personal reason. Nitin, who was responsible for the logistics unit Ekart besides the corporate functions like Strategy and Human Resources leaving the organization at a time when the Bengaluru-based company is in talks to acquire rival Snapdeal.
The development will put CEO Kalyan Krishnamurthy in charge of all the key functions, who last week took over the HR function of the organization, which will further tighten the grip the former Tiger Global Management Executive.
Nitin joined Flipkart in February 2016 (15 months ago) as a Chief People Officer and was further elevated as the Chief Administrative Officer in mid-2016, which left him in Charge of Strategy and Corporate Functions. Later in 2017, he was given a title of Chief operating officer when Krishnamurthy was appointed as the CEO and co-founder Binny Bansal as the Group CEO. At present, Nitin was reporting to Krishnamurthy.
Prior to Flipkart, Nitin was associated with the Fidelity International as the MD and country head, where he was responsible for the company’s offshore operations in India and Tunisia. Before that Seth worked with McKinsey as a director where he led McKinsey’s global knowledge center in India.
In the last one year, Flipkart has witnessed multiple departures of its top level executives including Saikiran Krishnamurthy, Head of Ekart, Samardeep Subandh, Chief Marketing Officer and Surojit Chatterjee, Senior VP of product, followed with Kalyan taking charge as CEO.
According to the sources, Flipkart is also now separately looking to hire an HR head, but it is not clear if it will hire a new head for Ekart.