<p>In a top management rejig, e-commerce firm Flipkart today appointed Binny Bansal as the Chief Executive Officer and Sachin Bansal as the Executive Chairman.<br /><br /></p>.<p>"Sachin Bansal, CEO and co-founder of Flipkart, will be the Executive Chairman of the company and Binny Bansal, COO and co-founder of Flipkart, will be the Chief Executive Officer," Flipkart said in a statement.<br /><br />In his role as the Executive Chairman, Sachin will provide strategic direction and mentor the senior leadership as also look for new investment opportunities.<br /><br />While, Binny as the CEO will now be responsible for operationally driving the company and be accountable for Flipkart's overall performance.<br /><br />"All the business areas - commerce, ekart and Myntra - will now report to Binny. All corporate functions including human resources, finance, legal, corporate communications and corporate development will also report to Binny," it added.<br /><br />Sachin, who will continue to be the Chairman of the Board, will play an active role in championing the Indian e-commerce sector and building the internet ecosystem and represent the company in external forums.<br /><br />Mukesh Bansal will continue to be the head of commerce platform and will have additional responsibility of the ads business. He will also continue as the Chairman of Myntra.<br /><br />"In this next phase of the journey, it will be our endeavour to fulfil this responsibility and prove that India can produce a world-class internet company that can outshine any global behemoth," Sachin Bansal said.<br /><br />Binny Bansal said the company is in a very strong leadership position with over 60 per cent market share of the m-commerce market, 50 million customers and clear leadership in smartphones and fashion.<br /><br />"The journey ahead is equally exciting and challenging," he added.</p>
<p>In a top management rejig, e-commerce firm Flipkart today appointed Binny Bansal as the Chief Executive Officer and Sachin Bansal as the Executive Chairman.<br /><br /></p>.<p>"Sachin Bansal, CEO and co-founder of Flipkart, will be the Executive Chairman of the company and Binny Bansal, COO and co-founder of Flipkart, will be the Chief Executive Officer," Flipkart said in a statement.<br /><br />In his role as the Executive Chairman, Sachin will provide strategic direction and mentor the senior leadership as also look for new investment opportunities.<br /><br />While, Binny as the CEO will now be responsible for operationally driving the company and be accountable for Flipkart's overall performance.<br /><br />"All the business areas - commerce, ekart and Myntra - will now report to Binny. All corporate functions including human resources, finance, legal, corporate communications and corporate development will also report to Binny," it added.<br /><br />Sachin, who will continue to be the Chairman of the Board, will play an active role in championing the Indian e-commerce sector and building the internet ecosystem and represent the company in external forums.<br /><br />Mukesh Bansal will continue to be the head of commerce platform and will have additional responsibility of the ads business. He will also continue as the Chairman of Myntra.<br /><br />"In this next phase of the journey, it will be our endeavour to fulfil this responsibility and prove that India can produce a world-class internet company that can outshine any global behemoth," Sachin Bansal said.<br /><br />Binny Bansal said the company is in a very strong leadership position with over 60 per cent market share of the m-commerce market, 50 million customers and clear leadership in smartphones and fashion.<br /><br />"The journey ahead is equally exciting and challenging," he added.</p>