In a surprising turn of events, Martin Dinesh Gomez, the Chief Human Resources Officer (CHRO) at quick commerce startup Zepto, has decided to step down from his position.
This development comes as the company’s CEO, Aadit Palicha, takes over some of Gomez’s responsibilities.
The news has sent ripples through the startup community, raising questions about the stability and future direction of Zepto.
Martin Dinesh Gomez’s Departure from Zepto
Martin Dinesh Gomez joined Zepto less than a year ago after spending over 11 years at e-commerce giant Amazon.
His tenure at Zepto, however, has been short-lived.
According to sources, Martin is currently serving his notice period and will leave the company in a few weeks.
The reasons behind his departure have not been disclosed, but it is known that Martin’s exit is part of a growing trend of top executives leaving Zepto in recent months.
In the interim, Aadit Palicha, the co-founder and CEO of Zepto, has taken on some of Martin’s HR duties.
Aadit is now involved in hiring and other related tasks, ensuring that the HR operations continue smoothly during this transition period.
This move highlights Aadit’s hands-on approach and his commitment to maintaining stability within the company.
Chandan Mendiratta’s Role and Recent Executive Exodus
To further support the HR functions, Zepto’s Chief Brand Officer, Chandan Mendiratta, has been appointed as the Chief Culture Officer.
Chandan, who joined the company in January this year, will now head the remaining HR functions.
This dual role underscores Chandan’s versatility and the company’s strategy to consolidate leadership roles during this period of transition.
Martin’s departure is not an isolated incident.
Zepto has seen several top executives leave the company in recent months.
In June, Manik Oberoi, former VP of Growth and Retention, and Viral Jhaveri, ex Chief Business Officer and Chief Growth Officer, both resigned. Additionally, Ashish Shah, former Senior Vice President of Finance, also left the company.
This exodus of senior management has raised concerns about the company’s internal stability and its ability to retain talent.
The departure of key executives and the subsequent reshuffling of roles could have significant implications for Zepto.
The company, known for its rapid growth and innovative approach to quick commerce, now faces the challenge of maintaining its momentum amidst these changes.
The leadership team will need to work diligently to reassure employees, investors, and stakeholders about the company’s future direction.
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