SYDNEY (Diya TV) — In the wake of former Canva chief financial officer Damien Singh’s sudden resignation from the $26 billion Sydney tech firm, a series of online posts alleging inappropriate behavior by Singh has been deleted from a professional online forum. The removal of these posts comes just as Canva gears up for a $1.5 billion share sale capital raise and prepares for a potential future US public listing.
The initial posts regarding Singh’s alleged conduct surfaced in late January and early February on the online forum, only to gain public attention following news of his abrupt departure. Canva swiftly responded, framing Singh’s exit as part of its strategy to ready itself for its IPO. However, the online discussion raised concerns about Singh’s behavior, prompting a response from a Canva human resources representative emphasizing the company’s zero-tolerance policy for such matters.
Following an internal announcement of Singh’s departure and an ongoing investigation into his conduct, subsequent threads discussing Singh have since been removed from the forum. Singh, who served as CFO for eight years, resigned from Canva amid the investigation, though he has not provided any comment on the matter.
While Canva remains tight-lipped about the specifics of the investigation and the hunt for Singh’s replacement, investors like Rick Baker of Blackbird Ventures express optimism about the company’s resilience amidst leadership changes. Baker highlights the inevitability of shifts in management as Canva continues to expand and expresses confidence in the company’s ability to navigate these transitions smoothly.
Despite the turmoil surrounding Singh’s departure, sources indicate that Canva’s planned share sale remains unaffected, with investor interest already secured. The company is poised to proceed with its IPO preparations, underscoring its determination to forge ahead despite internal challenges.
