Retirement of Mr. Jagdish CapoorMr. Jagdish Capoor retired as a Director of the Company with effect from July 1, 2014 keeping in line with the Tata Group's Retirement Policy.
Appointment of new Managing DirectorMr. Raymond N. Bickson will step down as the Managing Director of the Company with effect from August 31, 2014 to pursue his professional interests elsewhere.
Mr. Rakesh K. Sarna, a hospitality industry veteran, will join as the Managing Director and Chief Executive Officer of the Company effective September 1, 2014.