Flipkart, owned by Walmart, has named Sriram Venkataraman as Chief Financial Officer (CFO) of the Indian homegrown company group (Flipkart and Myntra).
The announcement comes after Emily McNeal, CFO of the Flipkart Group since September 2018, left for the USA to pursue her career abroad.
McNeal was Global Head of M&A and Business Growth at Walmart before taking over the position of Chief Flipkart Group CFO.
Sriram’s New Roles
Sriram’s new roles will include taxes, risk management and treasury for primary financial operations and functions at Flipkart and Myntra. He would also discuss organizational growth and report on recruitment, planning and analytics and decision-making, he said.
“We thank Emily for her leadership and encouragement in improving Flipkart’s management and financial reporting process following the investment in Walmart. It has helped drive key investments that have improved our hyper-local and fresh food capabilities,” says Kalyan Krishnamurthy, CEO, Flipkart Group.
“With many different roles at Flipkart, Sriram regularly demonstrated his experience and was well-positioned to take on the responsibilities of Flipkart Commerce CFO,” added Krishnamurthy.
Venkataraman will report to Chris Nicholas, Walmart International’s Executive Vice President and CFO.
Dawn Marie Ptak
Dawn Marie Ptak, vice president and manager of the Company, will continue to hold the Business and Divisional Controlling Role for Flipkart, Myntra and PhonePe.
Ptak shall take over at the corporate level of the Flipkart Community the burden of tax, accounting, risk management, financial planning and analysis and internal audits.
Ministry Of Home Affairs
Recently, Flipkart revealed that, following instructions from the Ministry of Home Affairs (MHA), it would restart and deliver essentials in orange and green areas across India.
“We’re working with seller lakhs and MSMEs across India to help them plan their businesses and workers to make goods available to customers in this time of need,” said a Flipkart spokesperson.