Hemant Bakshi, a former executive at Unilever, took the reins as CEO of Ola Cabs, the ride-hailing arm of ANI Technologies. The company is undergoing a strategic reorganization, breaking into three distinct units: ride-hailing and mobility, financial services, and logistics and e-commerce. Ola's founder Bhavish Aggarwal, stepped down as part of this restructuring effort to streamline operations.