May23 , 2022

Oberoi group’s EIH Associated Hotels chairman and director resigns



Associated Hotels Ltd, a part of the Oberoi group, on Tuesday said its long-serving chairman and director Prithivraj Singh Oberoi resigned with effect from May 2, 2022 due to deteriorating health condition.

Subsequently, the board of directors at a meeting held on Monday appointed Shib Sanker Mukherji, who was the vice chairman, as the new chairman of the company, Associated Hotels said in a regulatory filing.

“PRS Oberoi has decided to relinquish his position as chairman and director of the Associated Hotels Ltd effective May 2, 2022 due to his deteriorating health,” the company said.

Popularly known as ‘Biki’, Oberoi (93) has been chairman of the company since 1988. Under his leadership, the company expanded from its first hotel, ‘The Chennai’, that opened in 1988, to become one of India’s most reputable hotel .

Son of late Rai Bahadur MS Oberoi, the founder of the Oberoi Group, PRS has also been instrumental in developing the chain of hotels.

At present, there are ten Hotels in India located in Mumbai, Gurgaon, Hyderabad, Chennai, Bhubaneshwar, Cochin, Agra, Jaipur and Udaipur.

The also operates a Trident hotel in the Saudi Arabian city of Jeddah, according to Trident Hotels website.

Besides, Oberoi has been instrumental in the development of ‘Oberoi Hotels and Resorts’ and developing the ‘Oberoi’ as one of the finest luxury hotel brands.

A recipient of India’s second highest civilian honour — the ‘Padma Vibhushan’– in 2008, Oberoi was also awarded the ‘Corporate Hotelier of the World’ by HOTELS magazine in 2010, the company said.

Acknowledging his “exemplary dedication, passion, commitment and contribution to the company, its guests, shareholders and employees”, EIH Associated Hotels said, “His leadership and vision will continue to guide and inspire the organisation.”

The company said its new chairman Mukherji has a career of over 50 years in the hospitality industry and joined its board along with PRS Oberoi in 1988.

He is a member of the Institute of Chartered Accountants of India and has completed an Advanced Management Programme from Harvard University in the US.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Source link