Two senior executives Arun Srinivas, the CEO, and also global chief marketing officer, and Sanjiv Saddy, senior vice president at Ola, have been put in their papers. Additionally, The duo joins the list of many key executives who left the ride-hailing firm in the past 8-10 months as well.
Two top executives of the cab aggregator Ola, Arun Srinivas, and also Sanjiv Saddy, have been resigned, as the company said on Friday very well.
“Arun Srinivas, chief sales as well as marketing officer, and also Sanjiv Saddy, senior vice-president, corporate affairs, are moving on to pursue other opportunities. The organization wishes them well in their future endeavors,” as told an Ola spokesperson.
Srinivas, who was appointed as for the Ola CMO in July 2019, managed marketing, as the category management, sales, and also supply management for the cab-hailing platform both in India so also abroad as well.
Before joining Ola, Srinivas had been stints in West Bridge Capital Partners such as a senior advisor and also at Unilever in various senior and also executive roles between 2004 and 2017 as well.
Ola’s revenues had been clearly declined by around 95% during the lockdown in April as well as May, chief executive Bhavish Aggarwal had told in a letter to employees on 10th May. The startup had also told that it would have to lay off around 1,400 employees because of the business slowdown as well.
Srinivas’ and also Saddy’s exit from the Ola comes at a time whenever the mobility and also the cab-hailing industry has been in turmoil ever since the nationwide lockdown began on 25 March.
Last October, Nitin Gupta, the head of Foodpanda’s engineering operations, had been quit joining grocery startup Milkbasket as well. Gupta spent over six years with Ola before joining the Foodpanda, which was acquired by Ola in December 2017, and also was shut down in May 2019 as well.