Obopay gets a new Global CEO
Obopay has promoted its President, Deepak Chandnani as CEO of Obopay. Founder and CEO, Carol Realini will assume the new role of Executive Chairman. In his new role, Chandnani will focus on the company's significant growth in size and geographic scope, while Realini will continue her focus on corporate strategy as well as furthering Obopay's corporate vision: evangelizing the need for mobile money and building its widespread adoption throughout the world.
Chandnani will be based out of Obopay's Corporate Office in Mumbai, India, while Realini will be based out of Obopay's Corporate Office in Redwood City, CA. Having Obopay's two most senior executives based in different corporate headquarters reflects the true global nature of Obopay's business.
"Over the last two years, Obopay has shaped and led the way for the mobile banking and payments space globally", said Realini, speaking on Chandnani's promotion. "Our revenue has doubled over last year and we expect it to do the same in 2011. Deepak has clearly demonstrated that he can scale the company as we continue our growth around the world," she added. "This promotion recognizes Deepak's immense contribution as well as fulfills a need for an expanded and experienced management team as we move forward."