Amazon announces changes in its current leadership roles

01 March 2022, Mumbai:

Amazon India has announced certain changes in its current leadership roles. Amit Agarwal, Country Head, Amazon India has been given the additional responsibility of company’s emerging International markets alongwith its India market, Manish Tiwary, Vice President, Consumer Business, has been given the responsibility of overseeing Amazon’s day-to-day functions.

He will also be responsible for Amazon Business, its business-to-business (B2B) e-commerce platform which sells goods to small and medium enterprises.

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The portfolio rejig has come at a time when the Jeff Bezos-founded company is fighting a legal battle with Reliance Industries to stop the Mumbai-based conglomerate from acquiring Kishore Biyani’s Future Group.

Amazon also plans to acquire 100 per cent stake in the biggest seller on its marketplace, Cloudtail.

In December, Catamaran, the investment office of NR Narayana Murthy, Co Founder, Infosyss and Amazon announced the deal, which is subject to regulatory approval. Amazon had to reduce its stake from 49 per cent to 24 per cent in Cloudtail’s parent Prione Business Services in 2019 to comply with the new foreign direct investment (FDI) regulations for ecommerce.

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*Figures mentioned in the above article have been sourced from Fashion Network article.