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Myntra chief Ananth Narayanan quits

Dec 10, 2018 by The Passage Team
Myntra chief Ananth Narayanan quits

Myntra’s chief executive officer (CEO) Ananth Narayanan has resigned from his role with his position set to be abolished, and Flipkart executive Amar Nagaram has been tasked with heading Myntra, three people directly aware of the developments said.

Key Myntra leaders such as chief revenue officer Mithun Sundar, who took charge in April, and human resources head Manpreet Ratia, who also oversaw operations, supply chain and customer experience at Myntra, have also resigned, said the people cited above, requesting anonymity. Flipkart has also attempted to retain key personnel at Myntra, offering retention bonuses and packages to 50-75 key executives and employees, the people cited above said.

The retention packages have, however, not been offered to those at the senior vice president level, they added.

Source: Livemint

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