Ola COO and CFO to part ways with the ride-hailing unicorn
IPO-bound ride-sharing platform Ola recently announced that its chief operating officer (COO) and chief financial officer (CFO) will be leaving the company.
As per a YourStory report, the departure of COO Gaurav Powal and CFO Swayam Saurabh was announced by founder Bhavish Aggarwal in an internal email.
The email included the new division of workload ahead of their departure. It stated, “Vinay who is building our deliveries business will take on the additional responsibilities for the driver and supply ecosystem of our mobility platform due to the strong synergies between these businesses. It will enable us to further improve driver experience and utilisation. Anshul, who leads marketing will take on the additional responsibility to drive revenue as well.”
Group CFO,GR Arun Kumar will be looking into all of the company’s financial functions. The email noted, “Arun will continue to run the finance function across the group and all the key finance leaders at Ola will now report directly to him.”
The email, additionally, addressed the company’s dedication to moving forward and developing in the near future. “Over the last year, we have re-architected our mobility business to be much more robust and structurally efficient, enabling strong growth and a rapid return to pre-COVID-19 levels. Our vehicle commerce business, Ola Cars, has scaled up rapidly to become a large operation, and our Delivery and Financial Services businesses are at key inflection points,” the email stated.
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