Embattled startup BharatPe, which has been in the eye of controversy since last year, will see its chief executive officer (CEO) Suhail Sameer transition out of his current role and become a strategic advisor to the company, effective January 7.
BharatPe’s current chief financial officer (CFO) Nalin Negi, who was brought in from SBI Cards last August, will assume the role of interim CEO, the company said in a statement on Tuesday.
The company’s board of directors has retained a leading executive search firm to assist with succession planning and the CEO search.
“We have recognised the need to dedicate time and resources to finding the leader who will continue to catapult BharatPe to new heights, and we are grateful for the commitment from Suhail and Nalin. We look forward to supporting Nalin Negi in his role as the interim-CEO, as we move ahead in our mission of empowering millions of MSMEs with a range of world-class financial products,” said Rajnish Kumar, Chairman of the BharatPe board.
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