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[Appointment] OYO Hotels & Homes appoints new Independent Member of the Board

OYO Hotels & Homes has appointed Troy Alstead as an independent member of the company’s board of directors. He will join the board that has experts from SoftBank, Baja Corporation, Lightspeed Venture Partners or Sequoia Capital.

Troy Alstead will play a supervisory role and provide guidance to the Founder and the management on key business decisions.

His experience in building the foundations of Starbucks Corporation through 24 years of service to the company, having most recently served as Chief Operating Officer, will be valuable.

He is also on the Board of Topgolf Group Ltd, Harley-Davidson Inc, and Levi Strauss & Co.

"We are delighted to welcome Troy to OYO’s board of directors," said Ritesh Agarwal, Founder and Group CEO, OYO Hotels & Homes. "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. As we continue to grow and to deepen our relationships with asset owners and consumers around the world, we are fortunate to have seasoned professionals like Troy on our board of directors."

"OYO, with its unique asset-light business model and strong data capabilities, is creating something entirely new for more than 3 billion middle-income travelers and city dwellers who need accommodations that meet their standards and also their budgets," said Troy Alstead. "I look forward to working with Ritesh, the management team, and my fellow board members as OYO strives to become the world’s most beloved and preferred hotel brand," he added.

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