Technology

Olo COO Nithya Das to step down

Das, who is also the tech company’s chief legal officer and corporate secretary, will leave at the end of March. Her replacement was not named.
Olo logo
Olo provides online ordering, order integration and other software. / Image courtesy of Olo

Olo COO Nithya Das plans to resign in March after just over a year in the position, the restaurant tech provider announced Tuesday.

Das is also the company’s chief legal officer and corporate secretary. She’ll stay on as COO and chief legal officer through March 31, but her corporate secretary duties will be immediately assumed by VP of Legal Robert Morvillo. 

After she leaves, her COO responsibilities will be handled by other executives, the company said. She’ll help with the transition as needed through the end of the year.

Das joined Olo as chief legal officer in 2019. She was promoted to COO last January after the departure of Matthew Tucker.

Olo provides online ordering, order integration, payment and data software for restaurant chains. It went public in March 2021 and has continued to grow revenue since, though it has yet to report an operating profit. Its stock is down 55% over the past year, consistent with an overall decline in tech stocks.

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Financing

Despite their complaints, customers keep flocking to Chipotle

The Bottom Line: The chain continued to be a juggernaut last quarter, with strong sales and traffic growth, despite frequent social media complaints about shrinkflation or other challenges.

Operations

Hitting resistance elsewhere, ghost kitchens and virtual concepts find a happy home in family dining

Reality Check: Old-guard chains are finding the alternative operations to be persistently effective side hustles.

Financing

The Tijuana Flats bankruptcy highlights the dangers of menu miscues

The Bottom Line: The fast-casual chain’s problems following new menu debuts in 2021 and 2022 show that adding new items isn’t always the right idea.

Trending

More from our partners