Flipkart rejigs board after PhonePe spin-off

BENGALURU : Flipkart has made key changes to its board even as the Walmart Inc-owned e-commerce firm readies for an initial public offering (IPO) and days after its digital payments firm PhonePe was spun off as an independent entity.

Flipkart Group CEO Kalyan Krishnamurthy will be joining the board along with Keki Mistry, vice-chairman and CEO, HDFC, and two new directors from Walmart – global chief technology officer and chief development officer Suresh Kumar and Leigh Hopkins, executive vice-president of strategy and development for Walmart International.

In an email this week, Krishnamurthy informed employees of the changes, which also include current board members Steuart Walton, Dirk Van den Berghe, executive vice-president of Walmart Asia, co-founder of Makemytrip Rajesh Magow and Rohit Bhagat leaving the board. While Berghe is retiring in March-end, the other three are stepping down. Bhagat has joined the PhonePe board as its chairperson and Magow will take on an advisory role.