E-commerce dealer Snapdeal’s Chief Financial Officer and General Counsel Anup Vikal has resigned, The Economic Times reported on Tuesday. Vikal had been with the company since October 2015. His last date has not been confirmed yet.
His resignation, which comes two months after Snapdeal called off its merger talks with rival Flipkart, marks one of the most important exits since the company decided to update its organisation.
In July, Snapdeal had said it will pursue an independent path to continue its operations, and that it was exploring a new direction called Snapdeal 2.0. It had also sold some non-core assets to remain financially viable.
“Anup has done sterling work at Snapdeal, building high levels of governance and helping structure various transactions of importance for the company,” Snapdeal’s Chief Executive Officer Kunal Bahl was quoted as saying. “He has led the finance function with distinction, contributing immensely in furthering the profitability initiatives of Snapdeal, which the deep bench of Snapdeal’s finance team will continue.”
Vikal may join Essar Oil as the CFO, unidentified officials told The Economic Times. Essar Oil was acquired for over Rs 78 crore in August by Russian oil producer Rosneft, trading firm Trafigura and Russia-based financial investor UCP.
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