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Bolt CEO Maju Kuruvilla is out

Mar 26, 2024
an illustration of a one dollar bill with a lightning bolt cut out of the middle

Illustration: Tiffany Herring/Axios

Maju Kuruvilla has exited Bolt, roughly two years after he was named CEO of the turmoil-ridden one-click-checkout company.

Why it matters: The company has struggled to turn itself around amid lackluster financial performance and has been dogged by lawsuits.

Driving the news: "One-Click Checkedout from Bolt! Onwards 🚀," Kuruvilla wrote in a LinkedIn post confirming the exit.

Between the lines: This is just the latest in a long line of high-profile shakeups at Bolt. CFO Scott Stockberger left in November, per his LinkedIn. Chief product officer Greg Greiner exited in September of last year.

  • Bolt general counsel Ryan Loh left in late 2022.
  • The company's board shed about five members over nine months, with Esther Wojcicki — an educator who is mother to former YouTube CEO Susan Wojcicki and 23andme CEO Anne Wojcicki — having been the most recent name erased from the list in November, as was first reported by Forbes.
  • co-founder and former child star Brock Pierce, Arjun Sethi of Tribe Capital, Steve Sarracino of Activant, and Brian Reinken of WestCap all were gone between March and July of 2023.
  • A lawsuit from investor Activant alleges these board members were pushed out by chairman and founder Ryan Breslow.
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