May23 , 2022

ola cars ceo exit: Ola Cars CEO Arun Sirdeshmukh set to leave



Bengaluru: Ola Cars CEO Arun Sirdeshmukh has resigned, multiple people aware of the matter told ET. Sirdeshmukh’s exit comes soon after the company’s chief financial officer (CFO) GR Arun Kumar took up a wider role in the ride-hailing firm.

ET reported about
Kumar’s elevation on April 12.

Ola confirmed the development to ET. ” Our group CFO Arun Kumar GR now has an expanded role managing day to day operations,” said an Ola spokesperson over email. This includes overseeing the Go-to-Market (GTM) function. Arun Sirdeshmukh who was heading GTM is leaving, Ola said.

“Both of Sirdeshmukh’s roles (GTM as well as Ola Cars) will now be under Arun Kumar GR as part of his expanded role,” the company said.

Sirdeshmukh was previously driving the go-to-market strategy for Ola Electric before taking on the responsibility of heading Ola’s second-hand car business.

Before his stint with Ola, Sirdeshmukh was with Amazon leading its fashion business.

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His exit comes at a time when Ola has been struggling to diversify beyond the ride-hailing business. More than 90% of the company’s revenues still come from ride-hailing. Ola Cars, along with cloud-kitchen business Ola Foods, quick commerce business Ola Dash, and fintech business Ola Money are Ola’s ways of positioning itself as a super app before a planned IPO.

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