Obopay, the mobile-based money transfer technology company, has witnessed the change of guard. Carol Realini, the CEO, has stepped into the role of Executive Chairman and Deepak Chandani, President of the company, has been promoted as CEO.
Commenting on the promotion, Carol Realini, in her blog, talks about the evolution of Obopay over 5 years since it was founded in 2005 and its footprints in three continents. Crediting Deepak with Obopay's annual growth, with revenues doubling in the past year, and laying the foundation for a promising 2011, she says that she and Deepak will work together to realize the vision of Obopay.
There is a lesson for young entrepreneurs building organizations. Carol has built a global company and has been pivoting the company's growth for 5 years. When she realized that Deepak Chandani has accomplished results in tune with the vision and potential of the company, she has been graceful in giving Deepak an opportunity to score again. This sort of encouragement gives the company a headway into its future and sets a great precedent that achievers will get a chance to achieve more.
(Venkatesh Krishnamoorthy, chief evangelist, filed this report as being very relevant in deciding when to make suitable changes to realize the vision with which companies are founded.