Cyrus Mistry appointed chairman-designate of IHCL

He will take over as the chairman of the hotel chain from Ratan Tata on his retirement next month, Indian Hotels Company Ltd (IHCL)

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Tata Sons deputy chairman Cyrus Mistry has been appointed as the chairman designate of Indian Hotels Company.

He will take over as the chairman of the hotel chain from Ratan Tata on his retirement next month, Indian Hotels Company Ltd (IHCL) said in a filing to the BSE on Tuesday. This decision was taken at a meeting of the board of the company held here.

On Tata's retirement in December, 2012, Mistry will take the charge of IHCL, whose "unsolicited" $1.86 billion buyout offer for luxury hotels chain Orient Express was recently rejected by the New York Stock Exchange-listed firm.

This was the second takeover attempt by Indian Hotels, which holds about 7 per cent in Orient Express.

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