Two weeks after CEO exit, Ola Cabs CFO Kartik Gupta also steps down
Kartik Gupta, chief financial officer (CFO) of ride-hailing major Ola Cabs, has exited the firm, just over two weeks after chief executive Hemant Bakshi stepped down.
His exit is part of an ongoing restructuring at Ola Mobility, a company spokesperson told ET. “The restructuring will allow Ola to strengthen cost structures, focus on growth and increase its bottom line,” the person said.
Elevate Your Tech Prowess with High-Value Skill Courses
Offering CollegeCourseWebsiteIIT DelhiCertificate Programme in Data Science & Machine LearningVisitIndian School of BusinessISB Product ManagementVisitIndian School of BusinessProfessional Certificate in Product ManagementVisitGupta had joined the firm in November last year after nearly 18 years at fast-moving consumer goods (FMCG) giant Procter & Gamble in Dubai. This roughly coincided with Bakshi’s tenure, which had started in September last year, and who had also joined from another FMCG major Unilever.
Bakshi’s resignation was preceded by the firm’s exit from all of its international markets — the UK, Australia and New Zealand — in April. Ola Cabs has also laid off around 200 employees.
After Bakshi’s exit, founder Bhavish Aggarwal has taken over the reins at Ola Cabs and is focused on turning the firm profitable, with plans to potentially file draft listing papers in the next few months, ET reported on Tuesday.
Gupta was part of a small team of senior leadership at Ola Cabs internally called the ‘CXO team’ that was working closely with Aggarwal. The other members
