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OYO Hotels & Homes promotes Ankit Tandon to Global Chief Business Officer

Thursday, November 5, 2020, 10:00 Hrs  [IST]

OYO Hotels & Homes has announced the elevation of Ankit Tandon to Global Chief Business Officer. This is in line with the company’s continuous commitment to building a resurgent OYO by strengthening its leadership bench and creating a pool of strategic talent based on meritocracy to help the company achieve its goals of ensuring sustained growth, being fiscally deeper, maintaining operational excellence, and creating a culture of innovation.

Tandon has been part of the OYOs CXO leadership team since 2016. In his new role, he will lead the setup of OYOs Global Business Services and Business Performance Management teams. This will be in addition to the Global Project Management Office (GPMO) responsibilities he has been leading since October 2019.

The role of Global Business Services (GBS) will be to integrate technology into processes and deliver efficiency in the finance, legal and HR teams across the organisation whereas the Business Performance Management (BPM) team will work closely with market CEOs and their teams to help them learn about global best practices, external and internal benchmarks, and in turn help them deliver their operating plans. Additionally, the team will also help the Group CFO and the FP&A team with documentation, reports, and updates to our company’s Board and investors.

Over the years, Tandon has successfully built multiple new capabilities and businesses for OYO, such as Operations, Transformation, Repairs and Maintenance, Procurement & Supply Chain, Operated Hotels Business, etc. He has also delivered several large cross-geography and cross-functional projects at a brisk pace and with a significant financial impact.

Commenting on this, Ritesh Agarwal, Founder & Group CEO, OYO Hotels & Homes said, “Ankit has time and again proved to be a valuable asset to our company and has been instrumental in conceiving and driving customer-first products that have resonated with customers, asset owners and employees and importantly created tremendous value for OYO. I am confident that he will continue the great work and make a significant contribution to the organisation in his new role. I wish him all the best, as we move forward on our recovery from COVID and build a healthier and more focused OYO, which will be one of the most profitable technology-led hotel companies.”

Commenting on his elevation, Ankit Tandon said, “I am extremely humbled and excited to take on this new role. This year has been challenging for business leaders across the globe and times like these enable companies to demonstrate their resilience and sharpen their focus. I look forward to continuing working with the incredible and passionate OYOpreneurs across the globe to ensure that OYO comes out stronger as the pandemic subsides”

Tandon has been with OYO Hotels & Homes since August 2015. Prior to that, he has worked with McKinsey & Company and ITC Limited. He is an alumnus of the Indian School of Business and IIT Madras.

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