Myntra chief Ananth Narayanan resigns, firm likely to dissolve CEO post.

Ananth Narayanan.

The Chief Executive Officer of Myntra, Ananth Narayanan has stepped down from his post according to a Mint article.

Myntra’s chief executive officer (CEO) Ananth Narayanan has resigned from his role with his position set to be abolished, and Flipkart executive Amar Nagaram has been tasked with heading Myntra, Mint reported.

Myntra’s chief revenue officer, Mithun Sundar, and human resources head Manpreet Ratia have also resigned, it added.

It is still unclear whether Flipkart will choose to keep the Jabong brand and platform alive for the long haul. While Jabong will continue to operate, for now, Flipkart may shutter the platform after a few months.

The Bengaluru based e-commerce company was founded in 2007 to sell personalized gift items. In May 2014, Myntra.com was acquired by Flipkart.

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