Rohit Kapoor, the current CEO, New Real Estate Businesses, has been appointed as the CEO for the entire India and South Asia business.
"Rohit has been with OYO now for over a year now, and in the last 12 plus months, he has worked closely with me on various strategic initiatives across businesses. I am certain that OYO India and South Asia will continue to grow from strength to strength under his able leadership," Ritesh Agarwal, Founder and Group CEO, OYO Hotels & Homes, said in a statement.
"We aim to set new standards of corporate governance and build a sustainable business at scale, with a clear path to profitability," Ghosh said.
"I am, therefore, excited and keen to play a larger role and harness my experience in helping a public company operate well and ascribe to high standards of sustainable growth corporate governance and build a sustainable business at scale, with a clear path to profitability," Ghosh said.
Ghosh is joining OYO Founder Agarwal, Betsy Atkins, Founder and 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, on the board.
OYO's valuation has almost doubled in a year, reaching $10 billion between September 2018 and October 2019.
( With inputs from IANS )