Magazine : 
OYO Reshuffles Top Leadership Ahead of IPO
In restructuring its top leadership, IPO-bound OYO has made five key promotions. The moves are designed to position the company for growth into the future ahead of its public offering. It has appointed Sonal Sinha as Chief Operating Officer International and Rachit Srivastava as COO of OYO Vacation Homes in Europe. In addition, Shashank Jain will lead as the new Head of Technology & Online Revenue. Pankhuri Sakhuja will lead German home listings business Traum and flex-space business Innov8. Ashish Bajpai will become Head of Revenue & Global OTA.
Commenting on the leadership changes, Founder & Group CEO of OYO Ritesh Agarwal said: "It's a focused push on agility and adaptability. Our leaders are always finding new responsibilities to keep pace with the shifting dynamics of the market. So, congratulating them for their contributions to the growth of the business at OYO".
The company further mentioned that Global COO and Chief Product Officer Abhinav Sinha would move into an advisory role from January 2025, while OYO Europe President Ayush Mathur is leaving to launch his own venture.
In fact, Agarwal boasted about the entrepreneurial culture of OYO. As he told us, "Many OYOpreneurs have started their own ventures. I am excited to work closely with Abhinav and Ayush in their startup founder positions and support their new business ventures".
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