OYO Elevates Aditya Ghosh To The Board
In his new role at the board, Aditya will provide the strength of governance and leadership that scales sustainably on the path to profitability with higher expectations from consumers, asset owners, investors and employees.
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OYO Hotels & Homes on Monday announced the elevation and addition of 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, making it a powerful, diverse, and truly global combination.
The recent appointment of independent director, Betsy Atkins on the Board, who earlier invested in Yahoo and eBay and now Aditya, who hails with a depth of experience in running successful public companies, will both tremendously benefit the company.
Aditya’s elevation and addition to a strong group of Board members come after his successful completion of one year in the company. During this time, he took the hotels and homes business in India & South Asia to greater heights and implemented several programs to strengthen operating metrics and customer experience thereby more than doubling the asset owner community from 5500+ to 18000+ hotels in a short span of time.
In his new role at the board, Aditya will provide the strength of governance and leadership 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. Aditya will focus on five key areas namely, Safety and security, Customer experience, Corporate Governance, Revenue Management and Stakeholder communications.
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. Like always, we are blessed to have leaders like Aditya who continuously step-up to bigger roles to ensure the company derives benefits from their wealth of experience in such a critical juncture of not just growth, but principled growth for the company. His learnings will be invaluable for all of us.”
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’s remit will now also span the operations of over 18000+ hotels across 500+ cities in India SA.
In the last six+ plus years, OYO has consistently built a culture of innovation and meritocracy supported by the organisational tenet of distributed leadership that empowers and expedites independent decision-making. OYO has not lost a single leader while continuing to attract top talent from the world over. Aditya and Rohit will be working closely through the coming month to enable a smooth and seamless transition. As part of his new role, Aditya will continue to remain accessible whenever needed.