American retail giant Walmart is planning to appoint a new CEO for Flipkart. The company had bought Flipkart for whopping $16 billion deal recently. According to reports, Walmart is considering a few names for the position of new chief executive at the group level.
The global retailer is considering a move to separate the responsibilities of chairman and group CEO and therefore may look at both internal and external candidates for the group CEO role.
As per the agreement between the two companies, Walmart holds the rights to appoint a new Flipkart CEO or chief financial officer, in the event of a vacancy. Some reports say that Flipkart CEO Kalyan Krishnamurthy is one of the candidates likely to become group CEO.
However, Flipkart hasn’t made any comments in this regard yet and dismissed the speculations. “We do not comment on speculations and rumours,”said a company spokesperson.
Flipkart is planning to take on Amazon with its new strategies. The top-level recruitment is part of the company’s plan to overtake Amazon in the market.