OYO Hotels and Homes, which runs a chain of hotels, homes and spaces, on Wednesday announced the appointment of Raj Kamal as chief operating officer (COO) for its Vacation Homes business in the UK and Europe.
Kamal comes with over 25 years of experience across financial services, investments, strategy and consulting domains. Before OYO, he was global head of Investments at PayU, the payments & fintech arm of Naspers Limited.
The announcement came a day after the company elevated three key business leaders within the India and South Asia business.
OYO elevated Sharad Saxena to Chief Supply Officer - Franchise hotels business, South Asia, Asit Biswal to Chief Supply Officer - Frontier businesses, South Asia, which comprises of OYO's self-operated hotels (OYO Townhouse, Collection O, SilverKey), student housing and co-living and OYO Home and Abhinav Ankur to Head of Strategy for OYO India and South Asia.
These appointments were part of the company's efforts to drive sustainable business growth in the region while staying true to its mission of creating quality living spaces.
In his new role, Abhinav Ankur will be responsible for ensuring the hospitality chain's sustained growth in the South Asia region by driving cross-functional strategic initiatives. Abhinav joined OYO's Operations function in 2015 and led Central Operations for the India Franchise hotels business.
He later went on to manage the bigger mandate of building operating capabilities - people, processes and technology - for OYO's self-operated hotels business. He will be reporting to Rohit Kapoor, CEO, OYO Hotels and Homes, India and South Asia.
The other two key promotions include Sharad Saxena being elevated to Chief Supply Officer - Franchise business, South Asia, and Asit Biswal elevated to Chief Supply Officer - Frontier Businesses, South Asia.
Both Sharad and Asit will be part of the South Asia leadership team. In their new roles, both of them will be responsible for driving all outcomes related to sustainable growth, customer and asset owner excellence and improved economics.
"We are extremely pleased to have Abhinav, Sharad and Asit join the leadership team for India and South Asia at OYO. As a meritocracy driven organisation, we are firm believers in the power of distributed leadership and look forward to seeing the teams thrive under their able guidance," said Rohit Kapoor, CEO, OYO India and South Asia.
"I am confident that they will deliver and add value in accelerating OYO's next phase of sustainable growth in South Asia. Big congratulations to all of them," he added.
Sharad Saxena has been leading OYO Workspaces as the Business Head. Under his leadership, OYO Workspaces has grown to 18,000 plus seats in 27 plus centres across 11 cities within a short span of nine months.
Sharad will continue to oversee the workspaces business in the interim. Sharad is an alumnus of IIT-Delhi and IIM-Ahmedabad and has worked with organizations such as ITC, McKinsey and Company, Ranbaxy and Max India Limited before joining OYO.
Asit Biswal has been one of the earliest members of OYO Life, the company's co-living business.
He started his journey with OYO in 2015 as Head of the Bhubaneswar Hub. He went on to become the Vice President and National Business Head for OYO LIFE, where he steered OYO's co-living business towards becoming the fastest-growing and largest long-term rental housing player in India. Asit is an alumnus of IIM-Ahmedabad and has worked in organizations such as Infosys and Samsung.
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