BharatPe CEO Step Down: Suhail Sameer steps down as CEO of BharatPe, CFO Nalin Negi appointed as interim CEO.

BharatPe CEO Suhail Sameer has left his post. The company has given information about this. The company said in a statement that Sameer has been overseeing the company’s operations since the ouster of co-founder Ashneer Grover last year, and is now all set to step down.

Sameer will now assume the role of Chief Strategy Officer amid a major change in leadership positions. “BharatPe today announced that Suhail Sameer will move from Chief Executive Officer to Strategic Advisor with effect from January 7, 2023,” the statement said. According to the statement, the company’s current CFO Nalin Negi has been appointed as the interim CEO to partner with senior executives.

BharatPe also revealed that the company has hired an “executive search firm” to assist with succession planning and help identify a new CEO for the company.

BharatPe board chairman Rajnish Kumar said he was grateful to Sameer for his “tremendous contribution” and helping the company overcome various challenges. “We recognized the need to dedicate time and resources to find a leader who can take BharatPe to new heights and we are grateful for Suhail and Nalin’s commitment. We look forward to supporting Nalin Negi in the role of Interim CEO, as we move forward in our mission to empower millions of MSMEs with a range of world-class financial products.”

Negi joined BharatPe in August 2022. Prior to this, he was the Chief Financial Officer at SBI Cards for almost 10 years.