OYO appoints Rakesh Kumar as deputy CFO

Hospitality tech platform OYO has appointed Rakesh Kumar as deputy Chief Financial Officer (CFO), news agency PTI reported.

Previously, Kumar held the position of Head of Controls, overseeing controllership.

His transition to Deputy CFO signifies a significant expansion of his responsibilities, encompassing business finance and taxation, the company said. He joined OYO over 5 years ago as the Head of Financial Reporting.

"In his enhanced role, Rakesh will be responsible for overseeing critical operational finance functions, including Treasury, Controllership, Shared Services, Business Finance, Taxation, Financial Planning & Analysis (FP&A) and execution of results, compliance, and timely audits across the organization. He will continue to report to OYO's CFO Abhishek Gupta," the PTI report stated.