With the elevation of Mukherjee, his predecessor Laurent Le Moal, who has been the global CEO of PayU since 2016, will step back from operational management of the day-to-day business but will remain with Prosus and PayU in an advisory capacity, Prosus said in a statement on Tuesday.
Beleaguered quick commerce startup Dunzo, which has been scrambling to lock in some desperately-needed funding, has seen five exits from its board of directors over the past two months.
Sood, who has taken the role of an advisor to assist the next generation to take charge and build the franchise further, told ET that the “transition was planned and thought through".
Do those responsible for appointing replacements learn from the previous appointments they’ve made? – Khaya Sithole, independent analyst and Moneyweb contributor.
Prosus s New CEO Needs Answers to Same Old Problems bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.