People Digest: Tokopedia ropes in former Indonesia minister; OYO hires for global ops

Oyo founder Ritesh Agarwal
Ritesh Agarwal. Photographer: Samyukta Lakshmi/Bloomberg

Indonesia’s Tokopedia has roped in the country’s former finance minister, Agus Martowardojo, as the company’s president commissioner, while India’s OYO Hotels has made key appointments for its overseas operations.

Indonesia’s Tokopedia appoints former finance minister

E-commerce unicorn Tokopedia has appointed Agus Martowardojo, Indonesia’s former Finance Minister, as its president commissioner.

“Mr Martowardojo’s presence will strengthen the company’s performance as we enter our 10th year of implementing economic equity digitally,” said William Tanuwijaya, CEO and co-founder of Tokopedia.

Martowardojov, who has over 30 years of experience in the finance and banking space, was also the former governor of Bank Indonesia and the president director of Bank Mandiri.

Tokopedia, which is believed to be valued at $4.1 billion, is backed by Alibaba Group and SoftBank Vision Fund.

Led by Tanuwijaya, Tokopedia is poised to continue its focus on the Indonesian market and evolve as an infrastructure-as-a-service platform.

OYO makes series of hires for international ops

As it continues its aggressive overseas expansion, SoftBank-backed Indian budget hotels startup OYO Hotels & Homes has made a series of top-level hires for its international operations.

The company has announced the appointment of Sam Shi as its chief operating officer for OYO Jiudian, its Chinese subsidiary. Shi was earlier the president of Global Consumables and chief executive at Asia Pulp & Paper Co. He will report to OYO’s founder and CEO Ritesh Agarwal, who is overseeing the China operations directly, as it becomes the second most important market for the Gurgaon-based firm.

OYO also recently hired finance and operations head of Car Inc, Wilson Li, as its chief financial officer, along with former Google and Uber executive Jia Zou as its technology head and Tony Liang, formerly with Wanda, SF Express and Dianping, as its chief human resources officer.

OYO has also appointed Andrew Verbitsky as head of Europe, Jeremy Sanders as the UK head, and Tan Ming Luk as the country head for Malaysia. All of them will report to OYO COO Abhinav Sinha.

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