Former Starbucks official on OYO board

HOSPITALITY major OYO Hotels & Homes appointed former Starbucks Corporation chief operating officer Troy Alstead as an independent director on Friday (1).

The company said that Troy will play a 'supervisory role' and provide guidance to the founder and the management on key business decisions.

"Troy brings tremendous operating and governance experience that will help us continue delivering on our mission to help millions of middle-income people around the world gain access to quality accommodations at different price points," OYO Hotels & Homes founder and Group CEO Ritesh Agarwal said.

"As OYO continues to grow and to deepen its relationships with asset owners and consumers around the world, it is fortunate to have seasoned professionals like Troy on its board of directors."

Alstead said: "OYO, with its unique asset-light business model and strong data capabilities, is creating something entirely new for more than 3 billion middle-income travellers and city dwellers who need accommodations that meet their standards and also their budgets,"

He retired from Starbucks in February 2016 after a long career spanning over 24 years. As COO he was responsible for leading day-to-day operations of the global business and its family of brands. He joined the company when it was a small firm and contributed to the company’s development into a global multi-channel consumer brand, with more than 20,000 stores in 60+ countries.

His roles included a variety of positions in finance and general management all over the world.