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Rakesh Sarna resigns from Taj

Saturday, May 27, 2017, 11:11 Hrs  [IST]
HBI Staff |Mumbai

Rakesh Sarna, the high profile Managing Director & CEO of Tata Group owned Indian Hotel Company Limited (IHCL), has tendered his resignation. In a filing to the BSE, the company has cited ‘personal reasons’ for his resignation from the posts. However, Sarna will continue to discharge his responsibilities till September 30, 2017, till his 3-year tenure expires.

Commenting on the development, IHCL chairman N Chandrasekaran said, “The board respects his decision and has requested him to continue till September 30, which he has kindly agreed to. The board appreciates his contribution to the company in its transformation to operational excellence."

Sarna had brought many changes in the leadership of the company by removing many ‘oldies’ from the company during his time. He also started the process of consolidating the Taj branding by bringing all the different brands under the Taj umbrella like Vivanta, Gateway, into the Taj fold by designing a new brand architecture under Taj Hotels, Palaces, Resorts, Safaris.

There were speculations about his exit ever since the ouster of Cyrus Mistry from the helm of affairs of TATA Group. Sarna was brought to head the Taj Hotels by Mistry in September 2014 from Hyatt Hotels.

 
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