OYO, a leading hospitality company, has announced the promotion of Rakesh Kumar to the position of Deputy Chief Financial Officer (CFO). Prior to this appointment, Kumar served as the Head of Controls, where he played a pivotal role in overseeing controllership within the organization.
In his new capacity as Deputy CFO, Rakesh Kumar’s responsibilities will expand significantly, now covering business finance and taxation, reflecting the company’s confidence in his abilities and leadership.
Kumar has been a part of the OYO team for over five years, initially joining as the Head of Financial Reporting.
In describing Kumar’s enhanced role, OYO stated that he would be tasked with overseeing critical operational finance functions, which include Treasury, Controllership, Shared Services, Business Finance, Taxation, Financial Planning & Analysis (FP&A), and the execution of results. His role will also encompass ensuring compliance and timely audits across the organization. Kumar will continue to report directly to OYO’s CFO, Abhishek Gupta.
