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[August 08, 2014]
RAYMOND BICKSON QUITS INDIAN HOTELS
(Indian Business Insight Via Acquire Media NewsEdge) The Managing Director and Chief Executive Officer of Indian Hotels, Raymond Bickson, has decided to resign before the completion of his tenure. Raymond Bickson had joined the company in 2003 and had received an extension of five years recently. Rakesh K Sarna from the Hyatt Group will take over the post on 1 Sep 2014. Indian Hotels has launched a rights issue of Rs1,000 crore to reduce its debt of Rs4,300 crore.
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