New Delhi, February 25 OYO, which is set to go public, announced on Wednesday that its parent company, PRISM, has appointed former SEBI Chairman Ajay Tyagi as an Independent Director on its Board.
This appointment comes as PRISM aims to further strengthen its board and governance framework as it strives to grow and access the public markets.
"Tyagi joins an experienced board with expertise in governance, consumer businesses, technology, and strategic investments," OYO said in a statement.
The board comprises Independent Directors, including William Steve Albrecht, the Dr. Jay H Price/Arthur Andersen Endowed Professor of Accountancy at Utah State University; Troy Matthew Alstead, former CFO and group president of Starbucks Corporation; Deepa Malik, Padma Shri awardee; Bejul Somaia, partner at Lightspeed Venture Partners; Sumer Juneja, Non-Executive Nominee Director and Managing Partner at Softbank Investment Advisers; and Aditya Ghosh, Non-Executive Nominee Director and Co-Founder of Akasa Air.
Ritesh Agarwal, Founder, PRISM, said, "Ajay ji brings expertise in capital-markets regulation, governance, and public-institution stewardship, and his experience will be invaluable as PRISM strives to scale while strengthening governance standards and long-term accountability."
On December 31,