OYO promotes Rakesh Kumar to Deputy Chief Financial Officer position

Hospitality tech platform OYO on Tuesday said it has elevated Rakesh Kumar to the position of Deputy Chief Financial Officer.

Before assuming his current role, 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, OYO stated.

Kumar 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 organisation. He will continue to report to OYO's CFO Abhishek Gupta," the company stated.