Global travel tech major, OYO announced the changes in its global leadership team. It has elevated Rohit Kapoor to a global role as the company’s Marketing Head, from his current position as CEO, India and Southeast Asia.
The company has also announced that its Global Chief Business Officer, Ankit Tandon will take on the additional responsibility of Southeast Asia with a specific focus on Indonesia and the Middle East region as its CEO.
Ankit Gupta, the CEO of Hotels and Homes India will take on the role of CEO, India.
All three leaders will report to the founder and group CEO, Ritesh Agarwal, the company said in a statement. Kapoor, Tandon, and Gupta will take on their new responsibilities from April 1, 2022.
“Kapoor played a critical role in OYO’s business model transformation through the last two years due to which the company improved its contribution margins from 5% to 18%. He also successfully rallied the teams to support their family, friends, and hotel partners during the devastating waves of the pandemic while ensuring the organization remained strongly knit and highly motivated,” the company said in a statement.
“Rohit has proven to be a tremendous asset for OYO. He has consistently demonstrated his acumen of rejuvenating and transforming every business that he has led for the company,” said Agarwal
“As a product tech direct-to-consumer company, a strong and vibrant brand is one of the two most important factors which will define our success. We will be banking on him to uplift brand and marketing through his exceptional first-principles approach and his deep understanding of OYO as a business operator,” added Agarwal on the transitions.
“Ankit Tandon will provide impetus to the high potential SEA market, as it emerges from the covid induced lockdowns. Given his body of experience starting and scaling many business components at OYO such as our mid-segment hotels business,” he further said.
“I am confident he will add significant value to what we believe is one of the most important regions for OYO. Ankit Gupta has played an instrumental role in growing OYO’s business such as OYO Townhouse, our flagship mid-market brand which customers love. I am sure he will catalyze OYO’s India region growth and take it to new heights. I am looking forward to working closely with all three in their new roles,” he added.
The changes in top management come at the time when OYO is preparing to launch an initial public offering (IPO).
