Zilingo board said to weigh replacing CEO amid probe

“Any question of a change in management is speculative and premature at this stage,” the board said. The company raised US$226 million at a valuation of US$970 million in 2019 when Bose was 27 years old. Sequoia said on behalf of the board that any question of change in management is “speculative and premature at this stage”. At least some of the bookkeeping practices at Zilingo are technical decisions that are typically considered judgment calls at start-ups. The board had argued that as Zilingo emerges from the Covid-19 downturn, it is better to press the reset button with a new CEO, one person said.