String Metaverse Limited Undergoes Major Leadership Reshuffle

String Metaverse Limited , a company at the forefront of Web3 and AI technologies, has announced a significant overhaul of its top leadership positions. The changes, approved by the company's Board of Directors on September 8, 2025, mark a new chapter in the company's strategic direction.

Key Leadership Changes

The company has witnessed multiple high-profile resignations and appointments:

• CEO Transition: Sai Santosh Althuru has stepped down from his role as Chief Executive Officer, effective September 8, 2025. He will continue to serve as an Executive Director on the company's Board.

• New CEO Appointment: Raghavendra Hunasgi, a globally recognized marketing leader and entrepreneur, has been appointed as the new CEO. Hunasgi brings a wealth of experience, including co-founding Zeebu, the world's first Web3 Neo Bank for telecom carriers.

• CFO Resignation and Appointment: Meenavalli Krishna Mohan has resigned from his position as Chief Financial Officer, effective September 8, 2025. He will remain on the Board as an Executive Director. Hemant Prabhudas Vastani, a Fellow Chartered Accountant with over 37 years of experience, will take over as the new CFO starting October 1, 2025.

• Board Changes: Hemant Prabhudas Vastani resigned from his position as an Independent Director on September 7, 2025. The company has appointed Amar Kumar as an Additional Director (Non-Executive & Independent) for a five-year term, subject to shareholder approval.

Strategic Implications

The appointment of Raghavendra Hunasgi as CEO is particularly noteworthy. His background includes:

• Co-founding Zeebu, which achieved a market cap of USD 2.80 billion and processed over USD 7.00 billion in transactions within 30 months.
• Leadership roles at companies like Evolutyz Corp, Cigniti Technologies, Infosys, and Goldstone Technologies.
• Recognition among the Top 100 Global CMOs by BBC and the CMO Council.
• Academic credentials including a PhD in Marketing and a Post-Doctoral Research Fellowship at Harvard Business School.

Hunasgi's appointment is expected to bolster String Metaverse's global brand positioning, investor engagement, and fundraising initiatives, aligning with the company's vision to become a category leader in the Web3 and AI sectors.

Continuity and Expertise

While the company is undergoing significant changes, it's worth noting that both Sai Santosh Althuru and Meenavalli Krishna Mohan will continue to serve as Executive Directors, ensuring some continuity in the company's leadership.

The new CFO, Hemant Prabhudas Vastani, brings extensive experience in finance, accounting, audit, and taxation. His previous roles as CFO at Multi Commodity Exchange of India Ltd. (MCX) and Viaan Industries Limited, along with his involvement in professional and academic circles, position him well to guide the company's financial strategy.

Looking Ahead

These leadership changes come at a crucial time for String Metaverse Limited as it navigates the rapidly evolving Web3 and AI landscapes. The new leadership team, with its diverse experience and expertise, is poised to drive the company's growth and innovation in these cutting-edge sectors.

As String Metaverse moves forward with its new leadership, stakeholders will be watching closely to see how these changes translate into strategic initiatives and market performance in the coming months.