Gordon Griffith, Amazon’s vice president and CFO, international consumer, revealed Rao’s new responsibilities in emerging markets in an email to employees effective May 1.
“As a result, Ezra Albrecht, chief financial officer of LatAm (Latin America) consumer, and Gillray Cadet, chief financial officer 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 just after the head of the Indian country Amit Agarwal an additional burden was assigned for emerging markets.
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ET had reported of
The elevation of Agarwal on March 1stciting an email sent by Russell Grandinetti, senior vice president, international consumer, at Amazon, to some of its employees.
“Emerging markets are a significant investment and a priority for Amazon,” Griffith said in his email. “A single financial organization supporting Amit (Agarwal) and our emerging markets leadership team will help us leverage best practices and mechanisms, distribute cross-learning and raise the bar for financial results as we exploit opportunities. of emerging markets “.
Rao was with Amazon for over eight years since the US tech giant set shop in India. Prior to his time with Amazon, Rao worked with
Following the promotion of Agarwal, Manish Tiwary assumed the role of country manager for Indian affairs, managing the day-to-day operations of the company.
The portfolio switch came at a time when Amazon India is undergoing a transition after acquiring 100% stake in the largest seller on its market, Cloudtail, a joint venture between Catamaran, the investment office of
co-founder NR Narayana Murthy and Amazon – to comply with the latest regulations.
reported on April 25 that the company would have absorbed over 1,000-1,200 employees of Cloudtail and its parent company Prione Business Services.
reported on April 29 that competition control body Competition Commission of India (CCI) raided the offices of Cloudtail and Appario, a joint venture entity between the American online giant and the Patni group.