People Digest: Hyundai exec joins Ola Electric board; KKR CEO quits CDEL board

Photo: Reuters

Ola Electric Mobility Pvt Ltd has appointed automobile industry veteran and former president of Hyundai India, BVR Subbu, as a board member. In another development, Sanjay Nayar, CEO of global private equity firm KKR, has resigned from the board of Coffee Day Enterprises Ltd (CDEL).

Hyundai exec joins Ola Electric board

Ola Electric Mobility Pvt Ltd has appointed automobile industry veteran and former president of Hyundai India, BVR Subbu, as a board member.

His appointment comes almost six months after Ola Electric appointed Arun Sarin, former CEO of Vodafone Group, as an independent director. Last month, the company also appointed former General Motors (GM) executive Jaime Ardila as a director.

“Subbu has played a key role in building and establishing some of India’s iconic automotive products like the ubiquitous Hyundai Santro and the Tata 2213. His deep understanding of the mobility space and consumers will be very valuable to us in our journey to build electric mobility for India and the world,” Ola cofounder and CEO, Bhavish Aggarwal, said in a statement.

Subbu brings with him around four decades of experience in the automobile sector.

Sanjay Nayar quits CDEL board

Sanjay Nayar, CEO of global private equity firm KKR, has resigned from the board of Coffee Day Enterprises Ltd (CDEL), which operates coffee chain Café Coffee Day (CCD).

“…Mr. Sanjay Nayar, had resigned from the Board of Directors of the Company vide his letter dated November 11 , 2019 and the Board has accepted his resignation in the meeting held on November 13, 20 19,” the company said in a stock exchange filing on Wednesday without specifying the reason.

Nayar had joined CDEL’s board after KKR’s investment in the company back in 2010. KKR is one of the largest foreign private equity investor CDEL with a shareholding of 6.07 per cent.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.