E-commerce player Flipkart on Wednesday announced in a statement that Mukesh Bansal, head of commerce platform for the company, is bidding it adieu.
The development comes close on the heels of Binny Bansal being made CEO of the organisation.
Flipkart said Mukesh would continue to be associated with the company in an advisory role. "Mukesh has played a huge role in making Myntra the number one fashion destination and helped build a strong platform at Flipkart, including India's strongest leadership team," the statement said.
"I am very excited with Binny coming in as CEO, and my transition will enable him to work directly with CP leadership. Binny, along with the leadership and the amazing talent pool at Flipkart, will do justice to any mandate and continue to push the boundaries for e-commerce/Internet businesses in India and beyond," Bansal told a Firstpost.
Ankit Nagori, chief business officer at Flipkart, is also moving out of the company.
"Ankit Nagori is moving on from Flipkart to start an entrepreneurial venture in the sports domain," the statement said. "Ankit has played an instrumental role in introducing newer initiatives at Flipkart and building the marketplace model for the company."
The two exits come at a crucial time for the e-commerce behemoth when it is taking on rivals such as Amazon and Snapdeal.
Flipkart, during a management reshuffle in January this year, appointed Binny Bansal as chief executive officer and Sachin Bansal was appointed its executive chairman.
"Sachin and Binny will be supporting Ankit in his new initiative and will be his first investors," the statement released by Flipkart said.
"My incredible journey with Myntra and Flipkart comes to an end. It has been amazing nine years filled with lot of learning, privilege to work with outstanding people and chance to participate in building future industry of India that will impact hundreds of millions of people," Mukesh Bansal reportedly wrote to the company's employees.