Suhail Sameer, CEO of BharatPe, resigned after a dispute with Ashneer Grover, former co-founder of the fintech startup. In a statement, BharatPe announced that effective January 7, 2023, Sameer will step down from his role as CEO and take up the role of Strategic Advisor. This will facilitate a smooth transition for Nalin Negi, the current CFO, who has been named interim CEO and will work with senior executives to strengthen execution across the board. The board of directors is looking for a suitable CEO.
Suhail Sameer obtained his Bachelor’s Degree in Electrical Engineering from Delhi College of Engineering. After graduating, he entered the EBS Universität für Wirtschaft und Recht, where he completed his Master of Business Administration (MBA) in International Finance. He then pursued an MBA in Finance and Economics from the Indian Institute of Management, Lucknow.
Sameer began his career at McKinsey and Company, a global management consulting firm. He worked at the firm for 8 years as an Associate Partner. After leaving McKinsey, he joined several other companies with a senior designation. Sameer founded CESC Ventures and developed modern Ayurveda (Dr. Vaidya’s) and healthy snacks (Too Yumm!) companies there. He actively invests in clean label personal care products, food and financial inclusion. One of his investments is in Rupeek, India’s largest digital collateralized lending company, as well as the farm-to-table naturopathic brand. Gourmet Garden and India’s largest clean label personal care company, MomEarth.
Sameer has been associated with the Rockefeller Foundation’s work on rural electrification in India and is a Change Mentor for Niti Aayog, a government program to promote innovation and entrepreneurship.
He took over as CEO of BharatPe in August 2020. The company’s co-founder Ashneer Grover and his wife Madhuri Jain were fired from the company in March over allegations of financial mismanagement. Since then, Sameer has remained in control.
And now, Suhail Sameer has officially resigned as CEO. Current Chief Financial Officer (CFO), Nalini Negi, has been appointed interim CEO. Effective January 7, Sameer will officially take up the role of Strategic Advisor to the company.
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