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Zilingo board mulls replacing CEO after suspension

Bloomberg
Bloomberg4/19/2022 05:26 PM GMT+08  • 6 min read
Zilingo board mulls replacing CEO after suspension
Zilingo's CEO Ankiti Bose, who has since been suspended from her position. Photo: Bloomberg
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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.

The board has not yet decided who will replace Bose, though one option discussed is to appoint interim leadership, possibly including senior executives and investors, the people said. The private investigative firm Kroll is conducting a probe of Zilingo’s bookkeeping and is aiming to finish soon.

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