Former Starbucks COO Troy Alstead joined Indian startup a hospitality unicorn OYO Hotels & Homes. He will be joining as an independent director of the board along with other board members Betsy Atkins, Munish Varma, Bejul Somaia, Aditya Ghosh, and Mohit Bhatnagar.
Troy Alstead worked in Starbucks for 24 years at various position, He started his journey at Starbucks in 1992 and got retired on Feb 2016 as COO. At present, he is a one founder and CEO of Washington based company Ocean5 and Table47. Ocean5 is an entertainment centre blended with bowling and fine dining shows Mr Alstead true passion about social connection and environmental protection. Troy Alstead is also one of the Board of the director of Harley-Davidson.
OYO founder and group CEO Ritesh Agarwal is being very optimistic about joining of Troy Alstead he stated that, “We are delighted to welcome Troy to OYO’s board of directors. 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.”
As an independent member of board Troy will provide guidance and management to the founder with his experience and will work as an advisory body for CEO Ritesh Agarwal.
On his appointment, Troy 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. 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.”
Troy has an excellent profile and an extraordinary carrier ahead of him. He has a vast knowledge about management and social affair. Building ground up and binding big global operation will come handy with his supervision. His appointment will also help the firm to keep itself intact in this COVID-19 pandemic situation which has immense pressure on the company, making firm to layoff its employees and applying pay cuts.