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Fashion portal Myntra prepares for exit of two more senior executives

Fashion portal Myntra is preparing for the exit of two more senior executives even as the company seeks to recast its management team to drive greater growth in the aftermath of the acquisition of rival Jabong by parent company Flipkart.

Head of commerce Prasad Kompalli and Abhishek Verma, who was leading fashion brands are in the process of leaving the company, according to two people aware of the development.

SEE ALSO: Flipkart buys Jabong for $70 million

This follows the exit last month of its former chief creative officer Gautam Kotamraju, who moved to Amazon India, while Prabhakar Sunder, who oversaw finance at Myntra, has moved to rival fashion portal, Voonik. These senior executives were working directly with Myntra CEO Ananth Narayanan.

“Kompalli will be moving into an advisory role from October, in order to devote his time to his personal ambitions and building on his rich experiences at Myntra,” said a spokesperson for Myntra in response to ET’s queries on the developments.

“A senior leader from the retail industry will be taking over from Abhishek Verma in September as the new head of Myntra Fashion Brands.”

(Source: Economic Times)