Krishna Raghavan, who held the position of Chief People Officer at Flipkart, has chosen to resign from the e-commerce company after more than a decade. A senior executive at the firm has confirmed his departure, citing his “long tenure” with the company. Another company executive informed Mint that the firm is in the process of selecting Raghavan’s successor in the role of HR head.
Raghavan had been serving as the Chief People Officer at Flipkart since 2020. Prior to that, he held the position of Senior Vice President for Engineering, Fulfillment, and Services. An alumnus of Denison University, Raghavan worked with the e-commerce company from 2012 to 2016. He then took on the role of Chief Technology Officer at Cleartrip. Raghavan returned to Flipkart in 2017 following a 10-month hiatus. His resignation coincides with the annual festive sales period of e-commerce giants Flipkart and Amazon.
In November, Flipkart unveiled an Employee Stock Option (ESOP) buyback plan valued at $700 million. The company, which employs over 15,000 individuals, clarified that the decision not to provide pay raises to senior management would not result in departures, as there was a hike and promotion cycle in the previous year, along with a stock option buyback plan.
Flipkart has also opted to grant pay increments to nearly 4,000 senior managers in order to achieve pay parity. The company believes that this move will not significantly impact attrition rates, as it has already offered substantial rewards, merit-based raises, and opportunities for wealth creation to its workforce.
