Walmart-owned ecommerce company Flipkart has announced that Group CFO Sriram Venkataraman will transition out of his role, with the company initiating a leadership change in its finance function.
Venkataraman will remain with the company for a period to ensure a smooth transition. During this time, Ravi Iyer, CFO at Flipkart, will oversee the broader finance organisation.
Alongside this, Flipkart has appointed Nishant Verman as Senior Vice President, Corporate Development and Partnerships. He will focus on strengthening the company's corporate development and partnership initiatives.
Verman rejoins Flipkart after his stint as founder of Bzaar, a cross-border exports platform. He has also held roles in corporate development at Microsoft and in investment banking at Morgan Stanley.
According to the company, its finance function continues to be supported by existing leadership across business units, with governance processes in place.
Earlier this month, Flipkart reportedlylaid off around 300 employees as part of its annual performance review cycle.
As per reports, Flipkart has also completed its reverse flip to proceed with the process of an initial public offering (IPO).