OYO makes top level changes, elevates CEO Aditya Ghosh to the board
OYO Hotels & Homes announced top-level changes today, elevating and adding Aditya Ghosh, presently CEO, India & South Asia for the hotels and homes business to the company’s board of directors.
Aditya is joining Ritesh Agarwal, Founder & Group CEO, OYO Hotels & Homes, Betsy Atkins, Founder & CEO, Baja Corporation and other industry experts like Munish Varma, Managing Partner, SoftBank Vision Fund, Bejul Somaia, Partner, Lightspeed India Partners Advisors, Mohit Bhatnagar, Managing Director, Sequoia Capital India Advisor among others.
Reflecting on the development, Ritesh Agarwal, Founder & Group CEO, OYO Hotels & Homes said, “Aditya’s strong business acumen, problem-solving capabilities, passion for building an organization with strong corporate governance and a high performing work culture that thrives on principles of diversity and inclusion, makes him the perfect choice for this larger and more strategic role, at a global level. I am certain that this decision will greatly help OYO achieve its goals, globally."
In addition, OYO has also announced the appointment of Rohit Kapoor, the current CEO, New Real Estate Businesses as the CEO for the entire India and South Asia business. Over the last year, Rohit has been overseeing the growth of OYO LIFE - the brand’s long-term rental housing portfolio as well as other new real estate businesses in India. Rohit will also now be responsible for operations of over 18000+ hotels across 500+ cities in India SA.
Aditya and Rohit will be working closely through the coming month to enable a smooth and seamless transition. In his new role, Aditya will focus on five key areas namely, Safety and security, Customer experience, Corporate Governance, Revenue Management and Stakeholder communications.
The changes come as OYO makes continuous efforts to strengthen its corporate governance. The recent appointment of independent director, Betsy Atkins on the Board, who earlier invested in Yahoo and eBay and now Aditya, and comes with extensive experience in running successful public companies was another step in this direction. On similar lines is Aditya’s elevation. OYO will be banking on his strength of governance and leadership as it aims to evolve into a global high performing company that scales sustainably on the path to profitability.