Myntra has confirmed that its CEO Ananth Narayanan has stepped down. He has decided to quit as CEO of Myntra and Jabong to pursue external opportunities. It has been reported that Narayanan is moving to content streaming platform Hotstar.
Amar Nagaram has been named as Head, Myntra and Jabong, and will report to Flipkart Group CEO Kalyan Krishnamurthy.
There were speculations that Narayanan would quit after a new reporting structure was put in place when Binny Bansal -- the then CEO at Flipkart Group also quitted the company.
Myntra reports that 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.
The strong bench strength and new leadership at Myntra and Jabong will allow the business to continue on its strong and sustainable growth trajectory, the statement added. Nagaram, who recently moved to Myntra from Flipkart, has been working with the group for around seven years.
