BharatPe’s CEO, Suhail Sameer, who has overseen the company’s operations since co-founder Ashneer Grover was ousted last year, is set to step down, the company said in a statement.
During the major reorganisation of leadership positions, Sameer will take over as Chief Strategy Officer. “BharatPe today announced that Suhail Sameer will transition from Chief Executive Officer to Strategic Advisor on January 7, 2023. This will ensure a smooth transition for current CFO Nalin Negi, who has been appointed interim CEO to work with senior executives to improve execution across the board,” according to the statement. BharatPe also revealed that the company has hired a “executive search firm” to help with succession planning and the identification of a new CEO.