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Abrupt check-out: Bickson quits as Indian Hotels MD

Raymond Bickson, managing director and chief executive of Indian Hotels Company, will step down by the end of this month. He had been the MD and CEO for more than a decade at IHCL, the country’s largest hotel company.

The board of IHCL had approved Bickson’s re-appointment as a director for a period of five years at last year’s annual general meeting.  

“Indian Hotels Company has informed BSE that Raymond Bickson, MD and CEO of the Company has expressed a desire to resign from the services of the Company and pursue his professional interests elsewhere”, said IHCL in a statement.

During a meeting of the Board of Directors of IHCL at its meeting held today the Board has accepted Bickson’s resignation.

Indian Hotels further informed that Rakesh K Sarna will take over and join as the Managing Director and Chief Executive Officer effective September 01, 2014.

Sarna is a hospitality industry veteran, having spent over three decades with the Hyatt Hotels Corporation in the past. His appointment was approved by the Board of Directors today.

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