BharatPe appoints Nalin Negi as interim CEO, Suhail Sameer steps down

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.

Sources reported that 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.

Sameer’s exit comes at a time when he has come under personal attacks on social media by Grover, who responded to civil and criminal suits alleging fraud filed by BharatPe. He joined BharatPe in August 2020 as president.

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.