Paytm president, HR head quit ahead of IPO
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Paytm president, HR head quit ahead of IPO
TNN / Updated: Jul 10, 2021, 10:56 IST
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MUMBAI: Paytm president Amit Nayyar and its chief human resources officer Rohit Thakur are understood to have stepped down. A couple of other senior executives have also put in their papers in recent months.
Responding to a query from TOI, Paytm said in a statement: “As a company, we do not comment on personnel changes. We have built an incredible management team with some of the most reputed names in the industry, who are focused on driving growth at Paytm.”
Paytm president Amit Nayyar and 4 other top execs quit ahead of IPO indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Chinese nationals step down from Paytm board ahead of planned IPO; no change in shareholding
NEW DELHI, July 7: All Chinese nationals on the board of digital payments firm Paytm have been replaced by US and Indian citizens, while there is no change in existing shareholding, according to a regulatory filing of the company.
Alipay representative Jing Xiandong, Ant Financial’s Guoming Cheng, and Alibaba representatives Michael Yuen Jen Yao (US citizen) and Ting Hong Kenny Ho have ceased to be directors of the company, as per the regulatory document.
According to a source, Paytm now has no Chinese national on its board.
(This story originally appeared in on Jul 07, 2021)MUMBAI: Ahead of Paytm’s initial public offering (IPO), all Chinese nationals representing key investor Ant Group have stepped down from the board. While Ant Group continues to have a representative on board, the employee is a US national based in Florida.
According to filings with the registrar of companies, Jing Xiandong of Alipay and Guoming Cheng of Ant Financial, both Chinese nationals, have ceased to be directors of the company. Additionally, Micheal Yuen Jen Yao, a US national, and Ting Hong Kenny Ho, a Chinese national of Alibaba based in Hong Kong, also ceased to be directors.