Google News
logo
Daily Current Affairs
Which company has appointed current chief financial officer (CFO), Nalin Negi as the interim chief executive officer (CEO)?
A)
Paytm
B)
Phone Pe
C)
Amazon Pay
D)
BharatPe

Correct Answer :   BharatPe


Fintech unicorn BharatPe has appointed current chief financial officer "Nalin Negi" as the firm’s interim chief executive officer (CEO) until its board finds a replacement for Suhail Sameer, who stepped down from the position.
 
Sameer, Who was leading the New-Delhi-based firm after it ousted co-founder Ashneer Grover, resigned as the CEO. He will take on the role of strategic advisor, effective January 7, 2023, BharatPe said, confirming the development.
 
Negi, who comes with over 28 years of experience, has previously worked at GE Capital and SBI Card. He was the CFO of SBI Card for over ten years.
 
“Nalin’s extensive experience in the fintech industry makes him a natural choice to lead the company during our search process," added Kumar.
 
The development at BharatPe comes amidst a slew of high profile exits from the Sequoia-backed company, which has been stuck in controversies since January 2022 over allegations of financial irregularities.
 
In November 2022, three executives including chief technology officer Vijay Aggarwal, PostPe head Nehul Malhotra, and Rajat Jain, chief product officer for lending and consumer products, exited the company..

Source : Mint

Published On : January 4, 2023
Advertisement