Ride-hailing giant Grab announced it has appointed corporate finance veteran Peter Oey as its new chief financial officer.
Grab’s new chief financial officer, Peter Oey / Photo credit: Grab
Oey previously served as CFO at legaltech company LegalZoom. He also held the same position at US consumer internet business MyLife and has spent over 12 years at Activision Blizzard.
In his new role, Oey will helm Grab’s finance operations, treasury, tax, procurement, and real estate and facilities department, according to a statement. He will also work closely with Grab’s president, Ming Maa, who will continue to lead the company’s strategic business planning.
In the near term, he says he will focus on enhancing Grab’s finance functions across the region and explore strategies to drive the company toward sustainable growth.
According to Grab, the appointment of its new CFO comes after a strong year for the company, where it’s seen its gross merchandise value double off the back of a strong performance in Indonesia. In addition, GrabFood saw its GMV grow by over 400% across the region, while GrabPay increased total payments volume by 170%, the company said.
See also: How Grab’s super-app advantage is reconfiguring insurance for the masses
For 2020, Grab said it will continue to drive cross-vertical usage up by expanding its financial services, growing its GrabMart and GrabAssistant businesses, and developing more business-to-business offerings for its merchants.
Editing by Charmaine de Lazo
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