Kalyan Krishnamurthy, Group CEO will join the company’s board along with three new members - HDFC’s Keki Mistry, Walmart’s global CTO Suresh Kumar and Walmart’s Executive VP for International Strategy and Development Leigh Hopkins.
The four new members will replace the current four board members - Steuart Walton, Dirk Van den Berghe, Rajesh Magow and Rohit Bhagat - who are going to leave the board. Bhagat, who was serving as an independent director at Flipkart, has joined PhonePe’s board as the chairperson. Krishnamurthy informed about the restructuring to Flipkart’s employees via email.
The development comes three weeks after Flipkart announced the hive off of PhonePe as a separate entity. Along with Bhagat, Bansal is also going to join Sameer Nigam and Rahul Chari as board members of PhonePe.
