The Indian Hotels Company Ltd board appointment of Mr. Anupam Narayan as additional director

The Board of Directors of The Indian Hotels Company Ltd on August 23, 2021, based on the recommendations of the Nomination and Remuneration Committee, approved the appointment of Mr. Anupam Narayan (DIN: 05224075) as an Additional Director of the Company in an Independent capacity, not liable to retire by rotation, for a period of 5 years commencing from August 23, 2021 to August 22, 2026, subject to approval of the shareholders at the next general meeting.

Mr. Narayan has over 40 years of business experience and founded Rockwood Associates LLC in 2010. Since then he has provided strategic advice to clients in Peru, India, China, Thailand and the United States. In 2010, he was invited by the Governor of the State of Washington, USA to join her trade mission to China and Vietnam.

He most recently served as President and Chief Executive Officer of Red Lion Hotels Corporation (NYSE:RLH). Under his leadership, the company increased its focus on core business operations by divesting unrelated businesses, initiated a follow-on stock offering to raise equity, strengthened the balance sheet, improved its brand position and profitability, and increased investor awareness.

From 1998-2004, he was with Best Western International, the world's largest hotel chain headquartered in Phoenix, Arizona. He served as Senior Vice President for Global Strategy and as the Acting Chief Executive Officer. There he had global responsibility for Strategy, Brand Management, Finance, Quality, Franchising, Partner Relationships and Communications. He was instrumental in Best Western's expansion in Asia and South America.

Prior to 1998, for twelve years he was with a Kohlberg, Kravis and Roberts (KKR) hotel and real estate company and closed $4.0 billion of debt financings, completed two Initial Public Offerings which raised $0.3 billion, and was actively involved with real estate development, joint ventures, divestment, mergers and acquisitions and the capital markets.

In 2003, he was nominated for Business Leader of the Year by the London based Hotel Reports publication. He has been a speaker at hotel industry and investment conferences worldwide and served on the Board of Directors for the International Hotel & Restaurant Association (IHRA) based in Paris, France. He has also served on the Governmental Affairs Committee of the American Hotel and Lodging Association and as Chairman, Swiss International Hotels (India). He currently serves on a number of Boards including Roots Corporation (A Tata Enterprise) in India.

Mr. Narayan is a graduate of the Indian Institute of Technology (IIT), Kanpur, India and he received his MBA at the University of Florida, USA. He is based in New Delhi and Portland, USA.

Shares of Indian Hotels Co. Ltd was last trading in BSE at Rs. 137.85 as compared to the previous close of Rs. 138.55. The total number of shares traded during the day was 188576 in over 3166 trades.

The stock hit an intraday high of Rs. 140.65 and intraday low of 133.05. The net turnover during the day was Rs. 25669868.

Source : Equity Bulls

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