On Wednesday Oyo announced that it has appointed Deepa Malik, an Indian athlete and a silver-medalist at the 2016 Paralympic Games as an independent director.
Malik is currently the president of the Paralympic Committee of India (PCI).
“We are delighted to welcome Malik to OYO’s board of directors. We have been working on making our company and the board more inclusive over the last couple of years. Malik’s experience and her passion for travel and adventure would be invaluable for OYO for years to come,” OYO Founder and Chairman, Ritesh Agarwal said.
She is not just an inspiration to a whole generation of Indians but also embodies the spirit of thriving in the face of adversity, a mindset which a company like OYO has to make an integral part of its thinking, he added.
SoftBank Investment Advisers Managing Partner Munish Varma said, “We welcome Dr. Deepa Malik on the board of OYO. The combination of independent directors and the leadership, led by Ritesh Agarwal, truly sets up OYO well for the future.”
Speaking on the development, Deepa Malik took to Twitter to say, “Proud to join the board of @oyorooms that has shown its commitment to SMBs & holds high standards for workforce diversity, with strong environmental, social & governance agenda. Happy to work alongside @riteshagar & my fellow board members & continue the good work! #WomenonBoards
Deepa now joins the board that has three other independent directors, including Bejul Somaia, Partner at Lightspeed India Partners; W Steve Albrecht, a certified internal auditor and certified fraud examiner; and Troy Alstead, former COO at Starbucks. The Board also includes Aditya Ghosh, former Director at InterGlobe Group (Indigo), as a non-executive nominee director.
(For more updates stay tuned with DNP India)