OYO strengthens leadership team in China; appoints Sam Shih as COO
New Delhi , Jan 11 : OYO Hotels has announced appointment of Sam Shih as its Chief Operating Officer (COO) for the China market.
Prior to joining OYO Hotels, Sam served as President of Global Consumables and CEO at Asia Pulp and Paper Co., Ltd., a giant in the pulp and paper industry.
He also led the operations at Red Bull and Accor Group, France. Sam started his career and spent over two decades in PepsiCo Inc. During this time, he took senior positions such as President of Pepsi (China) Investment Co. Ltd, Vice President of Pepsi Beverage Business in China, as well as Chief Operating Officer at Pepsi China.
"We are really excited to welcome Sam as a Partner and COO, OYO China. We have witnessed tremendous growth during the last one year which has helped OYO ?? (OYO Jiudian) emerge as amongst the top 3 hotel chains in China," said Ritesh Agarwal, founder and Group CEO, OYO Hotels
"We are confident that Sam's experience will help us set new benchmarks in the hotel industry, as well as help oversee and nurture a high-performing workforce," added Agarwal.
"We will strive to ensure the refinement and upgrade of the company's operation as well as that for stand-alone hotels. We aim to find a well-balanced golden triangle between cost, efficiency and service so as to fulfill the demands of both owners and consumers," Shih said on his appointment.
Currently, OYO has entered 280 cities in China, operating more than 5000 hotels with 260,000 rooms. There is no speck of doubt that this achievement guarantees OYO Hotels to be among the top 3 economy hotel chain brands in China.