Charting out a succession plan, hospitality major EIH Ltd today announced appointment of Vikram Oberoi, son of Chairman PRS Oberoi, as its next MD and CEO from April 1.
Besides, Vikram's cousin Arjun Oberoi will become Managing Director-Development at EIH Ltd, which runs a chain of luxurious hotels and resorts under the Oberoi and Trident brands. At present, both Arjun and Vikram are Joint Managing Directors.
The present CEO, S S Mukherji, will assume the role of Executive Vice-Chairman under the new setup, EIH said in a filing to BSE, while adding that Mukherji was relinquishing the post citing "personal reasons".
Arjun is son of late Tilak Raj Singh, elder brother of PRS Oberoi.
The company said its board in a meeting held today approved the appointment of Vikram Oberoi as the new MD and CEO.
Arjun will also continue as an executive director of the company, the filing added.
As CEO, Vikram Oberoi will have the overall management responsibility and authority including responsibility for day to day management affairs of the company, EH said.
Vikramjit Singh Oberoi holds a Bachelor's degree in Science from the Pepperdine University, United States. He has over 25 years of experience in the hospitality industry.
PRS Oberoi will continue to be in his present designation and there will be no change to his designation, EIH said.
Arjun holds a Bachelor's degree in Science (Economics) from the University of Buckingham, United Kingdom. He has an experience of more than 22 years in the hospitality industry.