NEW DELHI: In a major restructuring, e-commerce major Flipkart on Monday brought all its units under an umbrella firm and elevated Binny Bansal as Group Chief Executive Officer.Kalyan Krishnamurthy , currently heading the Category Design Organisation, will become the CEO of Flipkart. Co-founder Sachin Bansal will continue as executive chairman. I am confident that this new organisation structure will deliver further value for Flipkart group," Flipkart Group CEO Binny said in a statement.The development comes within a year of the previous high level rejig at Flipkart when Binny Bansal, then chief operating officer, was appointed Flipkart CEO , replacing Sachin Bansal, who was appointed executive chairman. Kalyan Krishnamurthy , currently heading the Category Design Organisation, will become the CEO of Flipkart. "To evaluate these opportunities and construct this portfolio of new businesses, Flipkart Group Organisation will have a Group Strategy function as well as mergers and acquisition," it said.The other key responsibility of Binny as Group CEO will be to oversee capital allocation across all the group companies, CEO selection and CEO compensation.

Source: Times of India January 09, 2017 15:53 UTC