Business Companies 27 May 2017 Rakesh Sarna quits h ...

Rakesh Sarna quits hotel Taj two years after sexual harassment charges

DECCAN CHRONICLE. | DECCAN CHRONICLE
Published May 27, 2017, 10:51 am IST
Updated May 27, 2017, 11:42 am IST
Tata Sons chairman N Chandrasekaran says Sarna resigned on completion of his three-year tenure.
Rakesh Sarna has stepped down as managing director of Indian Hotels that runs hotel Taj.
 Rakesh Sarna has stepped down as managing director of Indian Hotels that runs hotel Taj.

Mumbai: Rakesh Sarna, chief executive and managing director of Indian Hotels Company that runs hotel Taj, has put in his papers two years after a sexual harassment allegation surfaced against him, according to a report in the Indian Express.

"Sarna has submitted his resignation as MD and CEO and as a director of the company and its associated companies for personal reasons," Indian Hotels said in a BSE filing.

 

Sarna who was a top recruit from outside the Tata family was appointed by ousted Tata Sons chairman Cyrus Mistry. N Chandrasekaran, chairman of holding company Tata Sons and Indian Hotels has said that Sarna has resigned on completion of his three-year tenure and he has chosen to step down on his own volition.

“The board respects his decision and has requested him to continue till September 30, which he has kindly agreed to. The board appreciates his contribution to the company in its transformation to operational excellence,” the IE report has quoted Chandrasekaran as saying.

 

In 2015, a woman employee of IHCL had levelled serious allegation of sexual harassment against Sarna. However, he was given clean chit after the IHCL board set up a committee that conducted an independent inquiry. The panel had found allegations were without any substance.

Sarna had been close to Cyrus Mistry who had taken the Tata group to court after his unceremonius removal from Tata Sons as chairman on October 24 last year. With Mistry's exit, it was highly speculated that Sarna would also quit the company but he decided against it and chose to stay.

 

...




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

More From Companies

ADVERTISEMENT
ADVERTISEMENT
-->