Obopay Inc. announced a management shuffle on Tuesday that involves the promotion of its president to chief executive and the assumption of the executive chairman role by its prior CEO.
The Redwood City, Calif., mobile banking and payments company said Deepak Chandnani, who was appointed president in May, has taken over as CEO and will focus on growing the company's size and geographic reach.
Carol Realini, who founded the company in 2005, will focus on corporate strategy as executive chairman.
"Over the last two years, Obopay has shaped and led the way for the mobile banking and payments space globally," Realini said in a press release. "Deepak has clearly demonstrated that he can scale the company as we continue our growth around the world."
Chandnani will be based out of Obopay's office in Mumbai, India, and Realini will be based out of Redwood City.
