Venkataraman succeeds Emily McNeal, who held the position of Flipkart Group CFO since September 2018. She has determined to return to the US to pursue a profession alternative outdoors the Walmart Group, a press release mentioned.
In his new position, Venkataraman will probably be accountable for key finance operations and capabilities at Flipkart and Myntra, together with tax, threat administration and treasury, it added.
He can even be accountable for company improvement at Flipkart, whereas heads of Procurement, Planning and Analytics and Decision Sciences will proceed to report back to him, the assertion mentioned.
“Sriram has consistently demonstrated his expertise managing several diverse functions at Flipkart and is well poised to take on the responsibilities as Flipkart Commerce CFO…. We thank Emily for her leadership and guidance in strengthening the governance process and financial reporting at Flipkart post the Walmart investment,” Flipkart Group Chief Executive Officer Kalyan Krishnamurthy mentioned.
He added that McNeal was instrumental in driving key investments which have enhanced the corporate’s hyperlocal and recent meals capabilities, and had been a powerful companion within the organisation’s variety and inclusivity journey.
Venkataraman – who most lately served because the CFO and COO at Flipkart – will now start reporting to Chris Nicholas, Executive Vice President and CFO at Walmart International.
Dawn Marie Ptak, Vice President and Group Controller, continues to be accountable for the group controllership and the divisional controllership capabilities for Flipkart, Myntra and PhonePe reporting to the International Controller in Walmart International.
Ptak will tackle the duty of the Flipkart Group Corporate Level duties for tax, treasury, threat administration, monetary planning and evaluation, and inside audits, the assertion mentioned.