OYO appoints Ex-Starbucks COO Troy Alstead as an independent director

Featured Image: A file-photo of ex-Starbucks COO, Troy Alstead


▸ Alstead will assume a supervisory role to provide guidance to the founder and the management
▸ Alstead will be an independent member of the board at OYO Hotels & Homes

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India’s hospitality behemoth and a unicorn startup OYO, on Friday (May 1, 2020) announced that the company has appointed Troy Alstead, the former COO of Starbucks as an independent director.

The news came as a development amid the COVID-19 crisis while OYO is trying to break through losses and criticism for employee layoffs.

The company in a statement highlighted that Troy will assume a supervisory role to provide guidance to the founder, Ritesh Agarwal and the management on key business decisions.

Commenting on the development, Ritesh Agarwal in a statement quoted,

“Troy brings tremendous operating and governance experience that will help us continue delivering on our mission to help millions of middle-income people around the world gain access to quality accommodations at different price points,”

Sharing his side of view, Alstead said,

“OYO, with its unique asset-light business model and strong data capabilities, is creating something entirely new for more than 3 billion middle-income travellers and city dwellers who need accommodations that meet their standards and also their budgets,”

Wajiha Wahab
Wajiha Wahab

Part of the editorial team at LAFFAZ, Delhiite by birth, Wajiha possesses a keen interest in reading about startups, accumulating information and presenting the same to the audience impressively.
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