Dir Van Den Berghe quits as Walmart Asia CEO

Dirk Van Den Berghe has quit as the CEO of Walmat-Asia, and is also likely to resign from Flipkart’s board of members. Having joined Walmart in 2014 as CEO of the Canada region, Berghe also served as the chief executive of Walmart China. His stint as CEO of Asia included overseeing the company’s growth in India, China and Japan besides focusing on global sourcing.

He also led the Walmart’s $16 billion investment in Flipkart in 2018, which gave it a 77 per cent stake in the homegrown etailer. Earlier this month, Flipkart cofounder Binny Bansal was named as a board member of PhonePe, after the digital payments company was spun off from its parent e-commerce firm. PhonePe cofounders Sameer Nigam and Rahul Chari were also named as board members. Bansal remains a member on the Flipkart's board and is also a shareholder.