Oyo has recently undergone large-scale corporate restructuring, setting up several subsidiaries and bifurcating operations globally
Just a little over a year after being named chief executive officer (CEO), Oyo Hotels & Homes’ top boss Aditya Ghosh will move to a board position at the company, handing over the reins to Rohit Kapoor, the CEO of Oyo’s new real estate business.
The move comes at a time when Oyo has started talking of its initial public offering plans and has just been valued at over $10 billion. In a letter to employees earlier on Monday, Ghosh outlined a broad strategy he will follow in his new role.
Ghosh, who joined Oyo from IndiGo Airlines where he was president, said in an internal email he would take over his new role at Oyo “from January 1… In my new role at the board, I will provide oversight as Oyo evolves into a truly global high performing company that scales sustainably on the path to profitability with higher expectations from consumers, asset owners, investors, and employees. I intend to actively focus on five key areas, namely safety and security, customer experience, corporate governance, revenue management, and stakeholder communications”.
As a board member, he is joining Oyo founder and group chief executive Ritesh Agarwal, Betsy Atkins, founder and CEO of Baja Corporation; Munish Varma, managing partner, SoftBank Vision Fund; Bejul Somaia, partner at Lightspeed India Partners Advisors; Mohit Bhatnagar, managing director, Sequoia Capital India Advisors…
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