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

Bangalore: Several people familiar with the matter told ET that Arun Sirdeshmukh, CEO of Ola Cars, has resigned. Sirdeshmukh’s exit came soon after the company’s chief financial officer (CFO) GR Arun Kumar took on a broader role at the ride-hailing firm.

ET had reported about Kumar’s promotion on April 12.

Ola confirmed this to ET. “Our group CFO Arun Kumar GR now has an expanded role in managing day-to-day operations,” an Ola spokesperson said over email. This includes overseeing the go-to-market (GTM) function. Ola said that Arun Sirdeshmukh, who is heading GTM, is going.

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

Before taking on the responsibility of leading Ola’s second-hand car business, Sirdeshmukh was earlier driving the market-going strategy for Ola Electric.

Prior to his stint with Ola, Sirdeshmukh was leading his fashion business with Amazon.

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

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