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oDesk Appoints Nilesh Lakhani as CFO

July 28, 2010

MENLO PARK, Calif., July 28 /PRNewswire/ — oDesk today announced that Nilesh Lakhani has joined the company as CFO. Lakhani is joining oDesk at a time when the platform for online employment is enjoying explosive growth, and thousands of new companies each month are adopting it to hire, manage, and pay a high-quality global contract workforce.

(Photo: http://photos.prnewswire.com/prnh/20100728/SF41976)

(Photo: http://www.newscom.com/cgi-bin/prnh/20100728/SF41976)

Lakhani is an experienced financial executive with a successful track record at public and private growth companies in the technology, media and telecommunications industries. He has served in various financial management roles for the past 26 years and, as part of oDesk’s executive management team, will play a key role developing the company’s growth strategy. Most recently, Lakhani was CFO of Yandex, the largest search engine in Russia. During his tenure as CFO at CTC Media, Lakhani led the company to a successful initial public offering (IPO).

“Our CFO position generated a lot of interest and we had the opportunity to meet with many impressive candidates,” said Swart. “We quickly recognized that Nilesh was the right person for oDesk. He was the CFO at CTC Media while revenue tripled, and his success in scaling the international finance organization of a fast growing company will be important to oDesk in the coming years.”

“After meeting with Gary and the rest of the team, I was highly impressed with the company’s drive and sense of purpose to help people build successful online work relationships,” said Lakhani. “oDesk has assembled a world-class team that is achieving remarkable results both for its users and as a business. I’m excited to join this effort, this industry and this company.”

oDesk recently marked four consecutive years of annual growth in excess of 100 percent, and has generated over $170 million in online work performed.

About oDesk

With more than 650,000 contractors in more than 150 countries, oDesk (www.oDesk.com) is a global employment platform which enables companies to hire, manage, and pay a flexible, online workforce.

For employers: Guaranteed work — every hour billed is an hour worked. Screen captures of each contractor’s desktop taken at random intervals allow employers to audit the hours and the work completed, so they have confidence every hour billed by a remote team member is an hour worked. This capability also enables the employer to collaborate closely and re-direct the contractor if necessary, much like you do when you manage by walking around your office.

For contractors: Guaranteed payment — every hour worked is an hour paid, without the hassle of invoicing or slow-paying clients, making oDesk the preferred platform for professional contractors, including software engineers, web developers, graphic designers, writers, researchers, administrators and customer service agents.

Find oDesk on Facebook at: www.facebook.com/oDesk

Follow oDesk on Twitter at: www.twitter.com/oDesk

SOURCE oDesk


Source: newswire



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