IPO-bound Oyo elevates Rakesh Kumar as new chief financial officer

IPO-bound hospitality major Oyo on Tuesday elevated Rakesh Kumar to its new Chief Financial Officer (CFO). Before this, he was working as the firm’s Deputy CFO.

Kumar will replace Abhishek Gupta, who will continue with Oyo in “an advisory and mentorship capacity.”

In his previous role, Kumar oversaw key financial functions at the company, including business finance for all markets, treasury, controllership, shared services, financial and investor reporting, taxation, and financial planning and analysis, the company said.