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The Chief Executive officer (CEO) of Myntra and Jabong Ananth Narayanan had resigned from the post. It’s now being reported that after Narayanan’s resignation, Walmart-owned Flipkart has abolished the Myntra CEO post. 

In an email sent to all employees by the board of directors on Monday, Flipkart said that Nagaram would lead the Myntra-Jabong business, while reporting directly to Flipkart CEO Kalyan Krishnamurthy, Mint reported. 

Speculating reports are doing round in media that Narayanan is in discussions with Star TV-owned video streaming app, Hotstar to take up the CEO role. It should be noted that the Hotstar’s CEO position has been vacant after ex CEO Ajit Mohan quit to be Facebook India’s managing director. 

The reports are also claiming that despite the ongoing talks with Hotstar, it is very much likely that Narayanan might go back to his previous employer McKinsey.

Ananth Narayanan had joined Myntra in 2015 as its CEO. Prior to this, he had spent 15 years at McKinsey across various locations. 

After Binny Bansal’s exit from the company, Amar Nagaram from Flipkart took over as head of engineering and product at Myntra, under CEO Ananth Narayanan. Also, Ramesh Bafna took over as Head of Finance at the fashion e-tailer, succeeding Myntra CFO Dipanjan Basu who has “decided to move on”.

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