News: Zomato appoints Sameer Maheshwary as new Chief Financial Officer

#Appointments

Zomato appoints Sameer Maheshwary as new Chief Financial Officer

Sameer's appointment at Zomato will be effective from July this year after his latest stint at General Electric where he is serving as the CFO for its South Asia business.
Zomato appoints Sameer Maheshwary as new Chief Financial Officer

Restaurant discovery and food delivery firm Zomato has appointed Sameer Maheshwary as its Chief Financial Officer. Sameer’s appointment at Zomato will be effective from July this year after his latest stint at General Electric where he is serving as the CFO for its South Asia business. 

Deepinder Goyal, Founder and CEO, Zomato stated, “As we expand the canvas of our offerings, it is time for us to bring on stronger leaders at the helm of things. Sameer is an industry veteran, and has a core finance background supplemented with business leadership roles. We're excited to leverage his knowledge and depth of experience and are excited to build further with him.”

He fills the role left vacant by Umesh Hora, who left in late 2015 to join as CFO of GirnarSoft Pvt Ltd. The new appointment comes at the same time as rumors of Softbank having held preliminary talks with the foodtech startup for a possible investment. 

Sameer Maheshwary stated, “I am really excited to join Zomato and work with this talented team. Zomato is redefining the industry and I am looking forward to be part of this journey.”

Sameer has been with GE since 1999 and has held various finance and business roles in US, Japan and India. Prior to GE, Maheshwary worked with SBI Card - a joint venture between State Bank of India and GE Capital. He also served as Senior Vice President at GE Capital India earlier.

The appointment is yet another change in the top level management of the foodtech startup this year. In March this year, co-founder Pankaj Chaddah quit the firm after serving for 10 years to try on something new. The foodtech firm has also promoted Mukund Kulashekaran to the role of chief business officer and advertising head Gaurav Gupta to chief operating officer. In the same space, rival Swiggy has announced $4 Mn employee share buyback program this month.

Topics: Appointments, C-Suite

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