Flipkart CEO to join board; 3 new directors brought in ahead of IPO plan

Steuart Walton, the scion of the billionaire Walmart dynasty, quits Flipkart board. Keki Mistry, vice chairman and CEO of HDFC, among new directors

Flipkart has made key changes to its board as the Walmart, Inc-owned e-commerce giant readies for a proposed initial public offering (IPO) next year.

The new directors to the board from next year are Vice-Chairman and Chief Executive Officer (CEO) of HDFC Ltd Keki Mistry, two new directors from Walmart — Global Chief Technology Officer and Chief Development Officer Suresh Kumar and Executive Vice-President (EVP) of International Strategy and Development for Walmart International Leigh Hopkins, along with Flipkart Group CEO Kalyan Krishnamurthy.

In an internal email to employees this week, Krishnamurthy informed them of the changes, which also include current