Oberoi Group denies reports on P.R.S Oberoi's successor

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SME Times News Bureau | 13 Apr, 2011
The Oberoi Group Tuesday denied recent media reports that the company chairman P.R.S Oberoi had chosen his son Vikram as his successor to head the luxury hotel chain.

"Mr.P.R.S Oberoi as chairman and chief executive officer of EIH Ltd and The Oberoi Group leads the senior executive team and has no plans to retire or step down," said the hotel chain in a statement, released on a day when the group announced opening of its hotel in Gurgaon.

Asked if reports that he had been chosen as the group's head were true, Vikram Oberoi, who is currently the chief operating officer, said,"I think the statement is very very clear. I have no further comment on the matter."

"Vikram's role and my role are clearly defined. Vikram looks after the operations. My role is related to defining the product and working closely with Mr. Oberoi (P.R.S. Oberoi)," added Arjun Oberoi, son of P.R.S Oberoi's brother Tilak Raj Oberoi and the group's chief planning officer.

The Oberoi Group operates 32 hotels and cruisers under the brand Oberoi and five-star brand Trident in India, Egypt, Mauritius, Indonesia and Saudi Arabia and is listed on the stock exchanges as EIH Ltd (formerly East India Hotels).

The group is also engaged in flight catering, managing airport restaurants, travel and tour services, car rentals and corporate air charters.