Walmart-owned Flipkart restructures company board before IPO; CEO Krishnamurthy, Keki Mistry, Suresh Kumar, and Le Hopkins included
Flipkart Board In the year 2018, Walmart Inc. invested $ 16 billion to acquire a 77% stake in Flipkart. This year too, a $ 1.2 billion investment led by the company came to Flipkart. (Photo credit: Flipkart) Walmart-owned Flipkart has restructured the company's board. The new board includes Flipkart Group CEO Kalyan Krishnamurthy and HDFC Vice Chairman and CEO Keki Mistry and two others. The board has been restructured prior to the company's public listing. Krishnamurthy has informed the employees of the company in an email that in the new year there will be some changes in the board of the company. Four current directors of the company will step down, who operated the company for the first two years following Walmart's investment. They include Rajesh Mago, Rohit Bhagat, Stuart Walton, and Dirk van den Berghi. He has said, "We are sad that these four are leaving their posts but are happy that we will not have to say goodbye to any of them: Rajesh and Dirk will continue...