Oberoi Hotels patriarch ‘Biki’, 93, steps down as chairman resulting from well being points – Times of India
His elder brother’s son Arjun Singh Oberoi, govt director within the firm for over 20 years, has been appointed as the chief chairman with instant impact, EIH Ltd stated in a press release.
“Biki’s” son Vikram Oberoi will stay EIH’s MD and CEO. He stepped down as chairman from EIH Ltd efficient May 3, a day after doing the identical from a subsidiary EIH Associated Hotels Ltd. The group as a complete operates 33 motels. Of them, EIH Associated has in its portfolio Oberoi Cecil, Shimla; Oberoi Rajvilas, Jaipur and Tridents in six cities.
P R S Oberoi is credited with putting Oberoi Hotels & Resorts on the worldwide luxurious travellers’ Wishlist via the a number of iconic luxurious motels he opened each in India and overseas. Bestowed with the Padma Vibhushan in 2008, he had established the Oberoi Centre of Learning and Development in 1967 given his agency perception that “people are the most valuable asset of any organisation.”
Born on February 3, 1929, his imaginative and prescient in creating luxurious motels and his ardour for “perfection in all aspects of hotel operations helped set the standard for luxury hotels around the world,” the group stated in a press release, whereas putting “on record his exemplary dedication, passion, commitment and contribution to the company, its guests, shareholders and employees. His leadership and vision will continue to inspire and guide the organisation.”
PRS’ successor Arjun Oberoi has over 30 years of expertise within the lodge trade. He has labored intently with the legendary hotelier on planning and improvement of quite a few Oberoi and Trident motels.
One of Oberoi group’s senior most administration degree individuals, Shib Sanker Mukherji has been appointed as EIH Associated non govt chairman from May 2. Mukherji was vice chairman of EIH Associated until May 1. He has spent over 4 many years within the hospitality trade and had joined the board of EIH Associated as a director in October 1988.
Kapil Chopra, who was president of Oberoi Group for 5 years until January 2018 after which went on to begin EazyDiner and The Postcard Hotel, stated: “who was At 93, relinquishment is understandable as operating on the board as chairman is a tough role considering the age. Mr Oberoi is a living legend and an exceptional hotelier and will always be a guiding force in the company. Arjun Oberoi is a great choice as the new executive chairman of EIH. The good part is that he has worked in development and projects. There are two components to running a hotel company-development and operations.”
“The group is known for operational excellence. But, the bigger challenge has been that the company needs to open more hotels and expand across geographies. Arjun is very well liked in the organisation and he comes from the project and development side. The critical need of the hour for the Oberoi Group is that. Arjun and Vikram would be a winning combination and this is a step in the right direction,” Chopra added.