Suhail Sameer steps down as BharatPe's CEO, will be new Strategic Advisor

BharatPe chief executive officer (CEO) Suhail Sameer has quit from his post and will take over as the Strategic Advisor from January 7, news agency PTI reported. Nalin Negi has been appointed as the interim CEO. 

In a statement, BharatPe said that Sameer "will transition from Chief Executive Officer to Strategic Advisor effective January 7, 2023".

"This will ensure a smooth transition for current CFO, Nalin Negi who has been appointed interim CEO to partner with senior executives to bolster execution in all phases of the company's business."

This comes following several top-level exits from fintech firm. In December, Chief Technology Officer Vijay Aggarwal, PostPe head Nehul Jain and Chief Product Officer (lending and consumer products) Rajat Jain resigned from their posts. In June 2022, Chief Revenue Officer Nishit Sharma and one of the founding members Satyam Nathani also quit the company.  

In June itself, Bhavik Koladiya, head of the company's technology and product divisions also quit. 

Sameer has been overseeing the company after it ousted Ashneer Grover for financial misappropriation. In recent weeks, he has been facing personal attacks from Grover. In response to the charges, Grover has been sharing several disparaging tweets related to his former colleagues. 

The company was looking for a new CEO and is keen to replace Sameer. He joined the company in August 2020 as president. In August 2021, he was appointed the CEO of the firm.