Tata group hospitality major Indian Hotels Company (IHCL) today said its Managing Director and Chief Executive Officer Raymond Bickson has resigned and will step down from the post on August 31, after serving for over a decade.
Bickson will be replaced by Rakesh K Sarna, who was the Executive Vice President, Group President - Americas, of Hyatt Hotels Corporation.
"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," IHCL, which runs luxury hotels under the Taj brand, said in a filing to the BSE.
While accepting the resignation, the Board of Directors of the company approved the appointment of Sarna as MD and CEO, effective September 1, it said.
Sarna is a hospitality industry veteran, having spent over three decades with the Hyatt Hotels Corporation in the past, IHCL added.
Bickson joined IHCL board in January 2003 as Executive Director and COO of Taj Luxury Hotels. He assumed the role as MD and CEO in July 2003.