New Delhi, Jan 3 (IANS) Fintech platform BharatPe on Tuesday introduced that Suhail Sameer will transition from the position of Chief Govt Officer (CEO) to Strategic Advisor, efficient from January 7.
Present CFO Nalin Negi has been appointed as an interim CEO to associate with senior executives to strengthen the corporate’s enterprise, because the Board is actively trying to find the brand new CEO.
“On behalf of the Board, we want to thank Sameer for the large contribution he made in steering BharatPe right into a management place as a fintech participant in India and serving to us trip by way of varied challenges throughout this journey,” Rajnish Kumar, Chairman, BharatPe Board, stated in a press release.
Kumar stated that they stay up for supporting Negi in his position because the interim-CEO, “as we transfer forward in our mission of empowering thousands and thousands of MSMEs with a variety of world-class monetary merchandise”.
BharatPe in 2020 had appointed Suhail as Group President. An IIM-Lucknow and DCE alumnus, he was the primary Group President at BharatPe and all Chief expertise officers (CXOs) reported to him.
“I stay dedicated to supporting BharatPe obtain its progress potential within the position as Strategic Advisor and stay up for the following section of my very own journey as a full-time investor,” stated Suhail.
The highest change comes at a time when the service provider fintech platform is combating a case within the Delhi Excessive Court docket towards its former co-founder and managing director Ashneer Grover and his spouse, together with relations, in a Rs 88.6 crore fraud allegedly dedicated beneath their tenure.
Late final yr, BharatPe was hit with a wave of resignations on the prime stage, as its chief know-how officer (CTO) Vijay Aggarwal and Rajat Jain, chief product officer (CPO), stop amongst others.
Aside from them, Nehul Malhotra, head of PostPe on the firm, additionally moved on.
Whereas Aggarwal, who joined BharatPe in March 2020, will “begin his personal enterprise”, Jain and Malhotra are “additionally transferring out to pursue their very own entrepreneurial journey”.
In August final yr, the fintech platform appointed former SBI (NS:) Card CFO Negi as its new chief monetary officer.