Amazon India CFO Raghava Rao
Bengaluru: Amazon India chief financial officer (CFO) Raghava Rao has been given an expanded role as vice-president, finance, for emerging markets at the US ecommerce giant.
Gordon Griffith, vice-president and CFO, international consumer, at Amazon, revealed Rao’s new responsibilities spanning across emerging markets in an email to employees with effect from May 1.
“Consequently, Ezra Albrecht, finance director for LatAm (Latin America) consumer, and Gillray Cadet, finance director for global expansion, will report to Raghava,” he said in the email.
ET saw a copy of the internal communication.
Amazon India confirmed the development to ET.
Rao’s elevation comes soon after India country head Amit Agarwal was given additional charge of emerging markets.
ET had reported about Agarwal’s elevation on March 1, citing an email sent by Russell Grandinetti, senior vice president, international consumer, at Amazon, to some of its employees.
“Emerging markets represent a significant investment and priority for Amazon,” Griffith said in his email. “A single finance organisation supporting Amit (Agarwal) and our emerging markets leadership team will help us leverage good practices and mechanisms, cross deploy learnings, and raise the bar on finance deliverables as we leverage the emerging markets opportunity.”
Rao has been with Amazon for over eight years since the US tech giant set shop in India. Prior to his stint with Amazon, Rao worked with Hindustan Unilever.
After Agarwal was promoted, Manish Tiwary took on the role of country manager for India business, handling day-to-day operations of the company.
The portfolio rejig has come at a time when Amazon India is going through a transition after acquiring 100% stake in the biggest seller on its marketplace, Cloudtail – a joint venture between Catamaran, the investment office of Infosys cofounder NR Narayana Murthy, and Amazon – to comply with latest regulations.
ET had reported on April 25 that the company would be absorbing over 1,000-1,200 employees of Cloudtail and its parent firm Prione Business Services.
ET had reported on April 29 that competition watchdog Competition Commission of India (CCI) searched the offices of Cloudtail and Appario, a joint venture entity between the American online giant and the Patni group.