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ESG News For Founder Holdings Ltd.
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Ritesh Agarwal, Founder & Group CEO, OYO to Forego 100% of His Annual Salary, and the Executive Leadership Team to Take Voluntary Salary Cuts
CEO of OYO, Ritesh Agarwal, to forego 100% of his salary for rest of the year effective April 2020 With Travel, Hospitality & Tourism sectors among the worst affected by COVID-19, OYO’s entire executive leadership (CXOs) team takes a voluntary pay cut, starting at 25%, with many opting for an additional uncapped amount, and some going up to 50% to enable building the runway for the company