Ananth Narayanan has stepped down as CEO of
Myntra and
Jabong and has been replaced by Amar Nagaram, who will be reporting to
Kalyan Krishnamurthy, CEO of
Flipkart Group.
Nagaram, who recently moved to Myntra from Flipkart, has been with the group for around seven years. He led the efforts on revisiting the boundaries of mobile web, making the experience on it as good as native, according to an official statement.
Narayanan has played an important role in making Myntra and Jabong into a formidable player in the fashion e-commerce market and steering the company towards sustainable growth.
Over the last three and a half years, he and the management team have built a strong foundation for the company which has become known for its innovative approach to business and building a unique culture of fashion and technology that has helped create a differentiated positioning for the business, the statement added.
The strong bench strength and new leadership at Myntra and Jabong will allow the business to continue on its strong and sustainable growth trajectory.