FreeCharge CEO, Govind Rajan resigns

Within nine months of his appointment, Govind Rajan CEO of FreeCharge has decided to quit from his position. 

Rajan submitted his resignation on Tuesday and same was accepted by the company. On his departure Rajan said, it was privilege for him to lead FreeCharge operations at times rapid growth and user focused innovation. He wished and hoped that company would achieve greater heights and success.  Also, he looks forward for facilitating smooth transition over next few weeks. 

The reasons for his resignation are still unclear. But as per some media reports, this can be due to failure of payments subsidiary of online marketplace Snapdeal to raise funds 

Ex- Housing.com CEO , Jason Kothari will lead the operations of FreeCharge now. He has joined Snapdeal last month only as chief strategy and Investment officer. The business operations of FreeCharge will fall under his present overall responsibilities. 

Source: Live Mint