Icertis Appoints Interim CEOs Following Whistleblower Complaint Against Ex-CEO
In a significant leadership change, Icertis, a $5 billion tech firm based in the United States, has appointed two interim CEOs after the removal of Anand Subbaraman from his role as chief executive officer. This decision comes in response to a whistleblower complaint that raised serious concerns about management practices within the company.
According to reports, the company’s board appointed Chief Financial Officer Rahat Bahri and board member Jim Moffatt as co-interim CEOs while they begin the search for a permanent successor to Subbaraman. The complaint, which was brought to the board’s attention in May, prompted them to launch an investigation, leading to Subbaraman’s exit within two months.
Concerns Raised About Conduct
Sources familiar with the situation revealed that the whistleblower’s complaint alleged that Subbaraman’s actions were detrimental to fairness and transparency within Icertis. Specific claims included accusations of favoritism, which ultimately led to the board acting decisively to investigate the matter before making changes at the top.
Company’s Official Statement
While Icertis officials declined to comment on specific personnel matters, a spokesperson affirmed the company’s commitment to maintaining a transparent reporting process for employees. They emphasized that any concerns raised to the board are taken seriously and considered thoroughly. The spokesperson also noted that both the leadership team and the board are dedicated to ensuring an ethical workplace and promoting a positive work environment.
Background on Icertis
Founded in 2009 by Samir Bodas and Monish Darda, Icertis has grown rapidly and secured significant funding, raising $497 million from high-profile investors like SoftBank Vision Fund and B Capital. The company was last valued at $5 billion during its fundraising round in 2021.
Anand Subbaraman’s Journey with Icertis
Anand Subbaraman joined Icertis as Chief Operating Officer in February 2024 and was later promoted to CEO in August 2025, taking over from co-founder Samir Bodas, who stepped down due to health issues and sadly passed away in January 2026.
This transition represents a pivotal moment for Icertis as it navigates leadership changes and strives to rebuild trust within its ranks.
