Prior to the Paytm IPO, Arora was a member of the board until he had previously left in early 2018.
Neeraj Arora, the former CBO of WhatsApp, resigned from the board of One97 Communications, the fintech company that owns the Paytm brand, on Monday, citing personal obligations and preoccupations. Prior to the Paytm IPO, Arora was a member of the board until he had previously left in early 2018.
“The Board, at its meeting held today, i.e., June 17, 2024, took note of the resignation tendered by Shri Neeraj Arora, Non-Executive Independent Director of the Company, on account of pre-occupation and other personal commitments. He will accordingly cease to be a non-executive independent director, with effect from the closure of business hours on June 17, 2024,” Paytm said in the regulatory filing.
Arora played a big role in negotiating WhatsApp’s merger agreement with Facebook, the dominant social media platform.
He is a co-founder of Venture Highway, a venture capital business, and his own social networking platform, Hallo App.
Rajeev Krishnamuralilal Agarwal, a former full-time director of market regulator SEBI, has joined Paytm as an independent director for a period of five years.
Agarwal oversaw and managed the policy of significant equity, departments dealing with markets, bonds, currency and commodities, mutual funds, foreign investors, international affairs, and corporate governance, among other things, during his time on the SEBI Board, according to the petition.
“He was responsible for the revival package of the mutual fund industry in 2012,” the filing said.
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