Arun Srinivas Resigns From Ola

Arun Srinivas, who is the COO and global CMO of Ola, the famous Cab aggregator organization, has resigned from his post. After playing his part in Ola for almost one year, he has stepped down from his seat.

Before working in Ola, he was the Senior Advisor in WestBridge Captial Partners and worked in Executive position in Unilever from 2004 to 2017. He also worked in Reebook India earlier in 1996. During his time in Ola, he led the marketing department, category management, and supply management of the Cab company in India and other places. 

It is also said that Sanjiv Reddy, the Senior Vice President of Corporate Affairs has also stepped down from his position in recent times. Reports show that the company has undergone a massive revenue loss in this lockdown as transport is vastly restricted all over the world. The revenue has decreased by 95% and the company had to lay down around 1,300 employees due to this pandemic.

Following this sudden news, Ola has issued a statement telling that both Arun Srinivas and Sanjiv Reddy has moved on from Ola to pursue other opportunities and that the company wishes them all well in their future endeavors.