Myntra CMO Gunjan Soni to head Jabong,co-founder Lawania quits

Image
Press Trust of India New Delhi
Last Updated : Feb 09 2017 | 8:57 PM IST
Flipkart-owned Myntra today announced a rejig of its leadership team, naming Gunjan Soni as head of Jabong and Manpreet Ratia as chief of supply chain and consumer experience.
Besides, Myntra co-founder Ashutosh Lawania has quit the company to start a new venture.
Ratia, currently serving as chief people officer and head for new initiatives, will take additional charge from Lawania as head of supply chain and consumer experience, Myntra said in a statement.
The changes are effective today, it added.
Soni will head the Jabong business and will be responsible for driving it operationally through its next phase of growth.
Ananth Narayanan will continue to be the CEO of both Myntra and Jabong, with Soni reporting to him in her new role.
Previously partner at McKinsey & Company and vice president at Star India, she will focus on setting the strategic direction for Jabong and drive growth and profitability for the business in her new role, the statement said.
The company has also elevated Naresh Krishnaswamy, who has been with Myntra for five years, to the senior management team at the firm.
He will continue to be responsible for the entire sales organisation and key initiatives to drive growth of Myntra, it said.
"As we continue on our journey to build a long lasting and innovative fashion and lifestyle destination, we have made some strategic management changes to help drive continued growth," Narayanan said.
Gunjan, Manpreet and Naresh are successful leaders with diverse experiences and have played a vital role in growing Myntra from strength to strength and with these changes, he added.
"I am confident that we are well on our way to become the first profitable e-commerce company in India," he said.
The fashion e-tailer said it has witnessed a 100 per cent year-on-year growth in the month of January with the highest-ever revenues of over Rs 850 crore and an annualised run rate of USD 1.65 billion.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 09 2017 | 8:57 PM IST

Next Story