Ant Group’s nominee director Douglas Feigan steps down from Zomato board

Douglas Feigan, Ant Group’s nominee on the board of restaurant aggregator Zomato, has resigned from his role as non-executive, non-independent director, the firm stated in a regulatory filing.

The announcement comes a week after Feigan stepped down from the board of Paytm parent One97 Communications.

“In recognition of the company’s growth as a publicly-listed company and the maturity of the business, at the request of the nominating shareholder, I hereby resign from my position as a director on the Board of Directors of Zomato,” he said in his resignation letter.

The firm has recently had a string of high-profile exits. Last month, Zomato’s chief technology officer Gunjan Patidar, who was one of the original co-founders, resigned after a 10-year stint.