OYO elevates COO Ankit Tandon to Global Chief Business Officer
The hospitality giant OYO has elevated its chief operating officer (COO) Ankit Tandon to Global Chief Business Officer to achieve profitability while maintaining its operational performance and sustainability. In his new role, he will lead the OYOs Global Business Services (GBS) and Business Performance Management (BPM) teams.
The role of GBS will be to integrate technology into processes and deliver efficiency in the finance, legal, and HR teams across the organization. The BPM team will work closely with individual market’s CEOs and their teams to help them learn about global best practices, external and internal benchmarks, and in turn help them deliver their operating plans.
The BPM team will also help the Group CFO and the financial planning and analysis (FP&A) team with documentation, reports, and updates to OYO’s board and investors. Additionally, Tandon will be managing the global project management office (GPMO) responsibilities that he has been leading since October 2019.
Commenting on this, Ritesh Agarwal, Founder & Group CEO, OYO Hotels & Homes said, “Ankit has time and again proved to be a valuable asset to our company and has been instrumental in conceiving and driving customer-first products that have resonated with customers, asset owners and employees and importantly created tremendous value for OYO. I am confident that he will continue the great work and make a significant contribution to the organisation in his new role. I wish him all the best, as we move forward on our recovery from COVID and build a healthier and more focused OYO, which will be one of the most profitable technology-led hotel companies”
Commenting on his elevation, Ankit Tandon said, “I am extremely humbled and excited to take on this new role. This year has been challenging for business leaders across the globe and times like these enable companies to demonstrate their resilience and sharpen their focus. I look forward to continuing working with the incredible and passionate OYOpreneurs across the globe to ensure that OYO comes out stronger as the pandemic subsides”
Ankit has been part of OYO’s Top leadership team since 2016, prior to this, he has worked with McKinsey & Company and ITC Limited. He has also been the vice president of operation at OYO between 2015 to 2016.
He is an alumnus of the Indian School of Business and IIT Madras.