New CEO at Taj hotels
In a major top management reshuffle, the Indian Hotels Company Limited, which operates the Taj Hotels Palaces Resorts Safaris, has appointed Puneet Chatwal as its new CEO and Managing Director.
The beleaguered asset-heavy company has been operating in the red for the last 5 years, so the 53-year-old Chhatwal has been primarily tasked with driving the performance of the company and managing the future expansion of the hospitality major, which has a portfolio of 98 properties in 61 destinations spread over the USA, UK, UAE Maldives, Sri Lanka, and India.
Chhatwal has been an industry veteran for the last three decades. He was the CEO of the German hospitality player, Steigenberger AG, in his last assignment.