EIH Associated Hotels Ltd, a part of the Oberoi group, announced on Tuesday that its long-serving chairman and director Prithivraj Singh Oberoi has stepped down from his position with effect from May 2, 2022 owing to deteriorating health conditions.
The board of directors thereby held a meeting on Monday and appointed Shib Sanker Mukherji, who was the vice chairman, as the new chairman of the company. The announcement was made by EIH Associated Hotels in a regulatory filing.
The new chairman Mukherji has a career of over 50 years in the hospitality industry and joined its board along with PRS Oberoi in 1988. He is a member of the Institute of Chartered Accountants of India and has completed an Advanced Management Programme from Harvard University in the US.
“PRS Oberoi has decided to relinquish his position as chairman and director of the EIH Associated Hotels Ltd effective May 2, 2022 due to his deteriorating health,” the company said.
Popularly known as ‘Biki’, Oberoi (93) has been chairman of the company since 1988. Under his leadership, the company has become one of India’s most reputable hotel companies, expanding from its first hotel, ‘The Trident Chennai’ that opened in 1988.
Son of late Rai Bahadur MS Oberoi, the founder of the Oberoi Group, PRS has also been instrumental in developing the Trident chain of hotels. There are ten Trident Hotels in India – Mumbai, Gurgaon, Hyderabad, Chennai, Bhubaneshwar, Cochin, Agra, Jaipur and Udaipur.
The Oberoi group also operates a Trident hotel in the Saudi Arabian city of Jeddah, according to the Trident Hotels website. Oberoi has also been instrumental in the development of ‘Oberoi Hotels and Resorts’ and developing the ‘Oberoi’ as one of the finest luxury hotel brands.
A recipient of India’s second highest civilian honour — the ‘Padma Vibhushan’– in 2008, Oberoi was also awarded the ‘Corporate Hotelier of the World’ by HOTELS magazine in 2010, the company said.
Acknowledging his “exemplary dedication, passion, commitment and contribution to the company, its guests, shareholders and employees”, EIH Associated Hotels said, “His leadership and vision will continue to guide and inspire the organisation.”