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

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


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,”


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About the author

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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