Top executives of SoftBank-backed Ola to exit ahead of potential IPO

FILE PHOTO: A policeman drinks tea in front of Ola's office in Mumbai, India October 29, 2018. REUTERS/Francis Mascarenhas

BENGALURU (Reuters) -SoftBank Group-backed Indian ride-hailing firm Ola is set to lose two top executives, according to an internal memo seen by Reuters, ahead of a potential $1 billion initial public offering.

Chief Financial Officer Swayam Saurabh and Chief Operating Officer Gaurav Porwal are leaving the company, according to the memo sent to employees by Chief Executive Officer Bhavish Aggarwal.