Flipkart co-founder Binny Bansal leaves PhonePe’s board
Binny Bansal has resigned from PhonePe's board, with Manish Sabharwal appointed as an independent director and audit committee chair.
MAIN POINTS
- Binny Bansal has stepped down from PhonePe's board of directors.
- This follows Bansal's earlier resignation from Flipkart's board.
- PhonePe is headquartered in Bengaluru, India.
- Manish Sabharwal has been appointed as an independent director and audit committee chair at PhonePe.
TAKEAWAYS
- Leadership changes are occurring at Indian fintech company PhonePe.
- Manish Sabharwal brings expertise from his role at Teamlease to PhonePe.
- Binny Bansal continues to reduce his board roles in major Indian companies.
- PhonePe is strengthening its governance with new board appointments.