Flipkart appoints ex-Fidelity exec Nitin Seth as HR head
The country's largest e-commerce venture Flipkart has appointed Nitin Seth as chief people officer, it said in a press statement. Prior to this, Seth was the managing director and country head for Fidelity International in India.
"It is our goal to make Flipkart the best place to workâ€¦I am confident that Nitin will play a key role in enabling the team at Flipkart to fulfill our long term mission of transforming commerce in India through technology," Flipkart CEO Binny Bansal said.
Flipkart has been scouting for a HR head after the incumbent Mekin Maheshwari, stepped down in September last year.
Before his stint with Fidelity, Seth was a director with McKinsey & Co for eight years.
An alumnus of IIT Delhi and IIM Lucknow, Maheshwari is also part of IT industry body NASSCOM's executive council.
Flipkart has been going through a top level churn in the last year. The company seems to be a poaching ground for India's fast-growing consumer internet startups. At least 18 senior executives have exited Flipkart and its lifestyle e-tailing unit Myntra over the last 6-7 months, according to publicly available data.
Earlier this month, Mukesh Bansal, head of marketplace and a board member at Flipkart, put in his papers. The company's chief business officer Ankit Nagori also decided to exit around the same time.
The latest churn came barely a month after a top-level reshuffle that led to a change in the roles of the company's two founders.
In January, Flipkart appointed co-founder and then-CEO Sachin Bansal as its executive chairman while co-founder and then-COO Binny Bansal, was elevated as the new CEO.