New Delhi: Flipkart on Monday appointed former Tiger Global executive Kalyan Krishnamurthy as new CEO, while elevating co-founder Binny Bansal to the position of group CEO. 
 
Krishnamurthy had joined Flipkart in June 2016 as head of commerce unit from Tiger Global, the largest shareholder in the Bengaluru-based company. 
 
 
“This newly formed group organisation will focus on creating future value through a portfolio of new, high growth businesses, manage capital allocation across group companies, and ensure each business has a strong CEO in place,” Flipkart said in a statement. 
 
Current Chief Administrative officer, Nitin Seth will take over as new COO of the e-commerce giant.