Punit Soni quits Flipkart1 min read . Updated: 13 Apr 2016, 06:04 PM IST
Soni was hired as the head of products in March 2015 to accelerate the push towards mobile commerce
Bengaluru: Punit Soni, the former Google Inc. executive and the first among a string of high profile recruits by Flipkart Ltd last year, has quit the company. Soni was hired as the head of products in March 2015 to accelerate the push towards mobile commerce.
A company spokesperson confirmed the development, adding that Friday will be Soni’s last day with the company.
Soon after Soni’s appointment last year, the company had appointed another former Google executive Peeyush Ranjan as the engineering head. In July, Flipkart hired former Yahoo Inc. executive Eric Lange as vice-president of product management for its customer experience division.
Soni’s exit comes close on the heels of a senior management shake-up at the company. On 11 January, the company said co-founder Binny Bansal will assume charge as chief executive, while incumbent Sachin Bansal will be the executive chairman.
Immediately after that, the company restructured its core retail and marketplace business and moved many of the firm’s senior executives into new roles, Mint reported on 13 January.
Flipkart’s retail and marketplace business, called the commerce platform, was organized into three large product-oriented groups and an engineering division to speed up decision-making and improve customer service at India’s largest e-commerce firm.
Flipkart’s other units—advertising and supply chain—are likely to remain untouched by the proposed restructuring.
The three product groups within the commerce platform will be—marketplace product group, consumer product group and service product group.
Mukesh Bansal and Ankit Nagori, who were among the most powerful executives at the company, have also resigned to start their own ventures, leaving co-founder Binny Bansal firmly in control.