Indian hospitality unicorn OYO Hotels & Homes recently announced that it has appointed former Starbucks Chief Operating Officer Troy Alstead as an Independent Director.
According to an official company statement, in his new role, Troy will play a supervisor and provide guidance to OYO Founder Ritesh Agarwal and the management on key business decisions.
Before joining OYO, Alstead served in many positions at Starbucks for over 24 years until he left in February 2016. Currently, he is one of the founders, president, and CEO of Washington based Ocean5 and Table 47. Besides, he also sits on the Board of Harley Davidson and Topgolf Group.
Commenting on Troy’s appointment, OYO Hotels & Homes founder and Group CEO Ritesh Agarwal said, “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.”
As OYO continues to grow and to deepen its relationships with asset owners and consumers around the world, it is fortunate to have seasoned professionals like Troy on its Board of Directors, he added.
Ritesh also wished Troy for his new endeavour through Twitter. Ritesh said, “Troy Alstead’s business acumen, strong leadership & contribution in building brands from the ground up are an inspiration. It’s an honor to welcome an individual of such high-caliber to our board with so many distinguished members. Wishing him the best!”
“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,” Alstead said while speaking on his new role.
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