Delhivery CEO Sahil Barua Quits As Swiggy's Independent Director Days After Ecom Deal
Barua was one of the first independent directors to join Swiggy in February 2023 as the company was concretising plans for a stock market listing.
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Delhivery's Chief Executive Officer, Sahil Barua, has stepped down as an independent director from food aggregator Swiggy Ltd.'s board days after the logistics firm approved the Rs 1,407-crore acquisition of rival Ecom Express Ltd.
"Due to my increased professional commitments in my role as the CEO of Delhivery, I find myself unable to dedicate the necessary time and attention required to fulfil my responsibilities as an independent director on your board," he wrote in a letter to the Swiggy board.
Barua was one of the first independent directors to join Swiggy in February 2023 as the company was concretising plans for a stock market listing. TAFE Chairperson Mallika Srinivasan and veteran chartered accountant Shailesh Haribhakti had also joined the board with him in a similar capacity.
"They have very rich and diverse experiences in building sustainable businesses at scale. Getting these new and powerful perspectives and strengthening our governance will immensely benefit us," Swiggy cofounder Sriharsha Majety had said back then.
Taking note of Barua's resignation, Swiggy Chairperson Anand Kripalu said, “Sahil was one of the first independent members of Swiggy’s board and has played a meaningful role in the company’s journey as we’ve scaled and transitioned into the public markets."
