The Board of Directors of The Indian Hotels Company Limited at their meeting held on August 29, 2017, approved the appointment of Mr. Puneet Chhatwal as the Managing Director and Chief Executive Officer of the Company in place of Mr. Rakesh Sarna who is stepping down with effect from September 30, 2017. Mr. Puneet Chhatwal is currently chief executive and member of the executive board of Deutsche Hospitality/Steigenderger hotels AG.