Ola’s latest step will result in the company cutting up to 1,000 jobs. (Photo Courtesy: Twitter/@OLaCabs)

Ola Chief Operating Officer Vishal Kaul Quits

Ola’s Chief Operating Officer Vishal Kaul has stepped down, a little more than a year after joining the ride hailing company.

The Bengaluru-based company has appointed Senior Vice President Pallav Singh to take additional charge in the interim.

Confirming the development, an Ola spokesperson said, “Ola would like to thank Vishal Kaul for his invaluable contributions to the company. He has had a very good innings. We at Ola wish him well for all his future endeavours”.

Kaul had joined Ola last year after founding team member Pranay Jivrajka stepped down from the position. Previously associated with PepsiCo, Kaul had been roped in by Ola to strengthen its position in the Indian market, where the company competes head-on with U.S.-based Uber.

Kaul said he was moving on to “another exciting career opportunity” but declined to disclose the details.

“I have immensely enjoyed my stay at Ola. The company has been like a family to me. I take great satisfaction and pride that I have been part of the journey where Ola has exhibited strong growth, improved profitability and gained significant market share,” he added.

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