OYO appoints governance expert

Oyo

OYO Hotels & Homes has appointed Dr W. Steve Albrecht as a non-executive director.

The group said that Albrecht would “help the company strengthen its focus on corporate governance and process improvement at multiple levels”.

Albrecht was the former president of the American Accounting Association and Association of Certified Fraud Examiners and has served on the board of various public and private companies such as Red Hat, Cypress SemiConductor, SunPower Corporation, and ICON Health & Fitness.

“We are delighted to welcome Steve to OYO’s board of directors,” said Ritesh Agarwal, founder & group CEO, OYO Hotels & Homes. “Steve is an expert and a thought leader who will help us deliver on sustainable growth, operational and service excellence, and help us continue building a strong culture of corporate governance and accountability. As Covid-19 continues to impact the business and forces businesses to rethink its strategies, our board has also come together and has been constantly guiding us on business continuity and recovery measures. As we go through this, we will continue to build on our core competencies and remain committed to our mission of offering great quality spaces. We are fortunate to have seasoned professionals like Steve join us on our mission.”

“The travel and hospitality industry has been significantly impacted worldwide, but OYO’s offerings are relevant, affordable and safe.  I’m excited to join in its mission of offering great quality spaces at the right price points. I’m also excited to be joining a great board of directors who, together with an outstanding management team, will guide the company to success.  As the world recovers from this global pandemic, this is an exciting time to be joining the board,” said Albrecht.