Zilingo’s Board Is Said to Weigh Replacing CEO Amid Probe
- Clash between the CEO and board has escalated in recent days
- Sequoia India posted ‘we need some guardrails’ for ecosystem
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After suspending Ankiti Bose from her post as chief executive officer, the board of Zilingo Pte is discussing replacing her for good amid an investigation into the Singapore startup’s accounting practices, according to people familiar with the matter.
Directors have been talking regularly in recent days to consider the future of Bose and Zilingo itself, said the people, asking not to be identified because the discussions are private. Bose, whose current suspension runs through May 5, has pressed the board to clarify her status in part because she is concerned the company is growing directionless, the people said.