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Head of Tata's hotel business to leave company in September
May 26, 2017 / 2:16 PM / 7 months ago

Head of Tata's hotel business to leave company in September

MUMBAI (Reuters) - Rakesh Sarna, the managing director and chief executive of Indian Hotels Company Ltd, part of the Tata Group, resigned from the company on Friday.

A municipal worker sweeps a pavement in front of the Taj Mahal hotel in Mumbai May 31, 2011. REUTERS/Vivek Prakash/Files

Sarna, who joined Indian Hotels in September 2014, was known to be close to Cyrus Mistry, former chairman of the salt-to-software Tata Group.

Sarna’s position came into question after the ousting of Mistry from Tata Sons, the holding company of the conglomerate.

Sarna inherited a loss-making hospitality business, and turned it around within two years, posting a profit of 2 billion Indian rupees ($31 million) in the financial year 2015-16.

In 2015, after a year at the company, Sarna had said he would prioritize maintaining quality at Indian Hotels, expansion and developing a new generation of leaders.

A veteran of the hospitality business, Sarna had worked with the Hyatt Hotels Corporation for over 30 years.

He will step down from his position at the end of September. ($1 = 64.4950 Indian rupees)

Reporting by Rahul Bhatia; Editing by Keith Weir

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