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April 18, 2001
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Money > Business Headlines > Report April 18, 2001 |
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EIH chief Bhoothalingam set to resign, start consultancyParul Gupta East India Hotels president Ravi Boothalingam is all set to leave the Oberoi group flagship, on conclusion of his term of contract on June 30. He has decided to set up his own consultancy practice, which would be based in New Delhi. Though the details of the venture are likely to be finalised only by May-end, the focus would be on 'corporate governance and management of change', Bhoothalingam said. "When things are changing rapidly in view of increasing domestic and foreign competition in all spheres, how should a corporate implement change on a regular basis while retaining its values and vitality would be the basic focus of the consultancy," he said. Bhoothalingam had earlier informed the top management about his decision against the renewal of his contract. He has been with the group for the last six years. In his present capacity, he is responsible for the operations of the group worldwide, which generates a turnover of $150 million. The operations include 34 hotels, airport and flight catering units, restaurant complexes, luxury cruise ships and commercial bakeries in six countries across Asia. Bhoothalingam's decision coincides with the Oberoi group's plan to achieve an international stature. The group is holding talks with various international hotel chains including Four Seasons and Ritz Carlson for a strategic tie-up but no final decision has been taken. The group had added some of the best properties in the chain during Bhoothalingam's tenure, which include Raj Vilas at Jaipur and The Oberoi Cecil at Simla. He is also the chairman of the Confederation of Indian Industry'sss national committee on tourism. He said that he would continue to be associated with CII closely. He was appointed a member of a committee to review the remit of the Archaeological Survey of India, recently. Prior to joining the Oberoi group, he had served as head of personnel worldwide with BAT Plc (London), managing director of VST Industries and director ITC. He served in the ITC group for 26 years, and during which also worked with its hotels division. Powered by YOU MAY ALSO WANT TO READ:
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