Ananth Narayanan has decided to step down as CEO of Myntra and Jabong to pursue external opportunities. Amar Nagaram has been named as Head, Myntra and Jabong, reporting to Kalyan Krishnamurthy, CEO of Flipkart Group.

Amar, who recently moved to Myntra from Flipkart, has been with the group for around seven years and has played a pivotal role in making shopping accessible and affordable on connected devices. Most notably, he led the efforts on revisiting the boundaries of mobile web, making the experience on it as good as native.

In a statement, the company said, “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. The Flipkart Board of Directors and Kalyan Krishnamurthy, CEO Flipkart Group would like to thank Ananth for his contributions and wish him the very best for his future endeavours.”

In the meantime, the company will continue to execute the growth strategy and leverage synergies with Flipkart as appropriate. The strong bench strength and new leadership at Myntra and Jabong is expected to allow the business to continue on its strong and sustainable growth trajectory.

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