Myntra and Jabong CEO Ananth Narayanan steps down

Flipkart's Amar Nagaram has been named as the head of Myntra and Jabong.

Fashion e-tailer Myntra today announced that its CEO Ananth Narayanan has stepped down as CEO of Myntra and Jabong to pursue external opportunities. According to the press note, Amar Nagaram has been named as head, Myntra and Jabong, and will report to Kalyan Krishnamurthy, CEO of Flipkart Group.

Amar, who recently moved to Myntra from Flipkart, has been with the group for around seven years.

“Ananth 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,” Myntra says in a statement

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“Myntra and Jabong are an important part of the Flipkart group serving our valuable customers. The company will continue to execute the growth strategy and leverage synergies with Flipkart as appropriate,” says the note.