Besides, Vikram's cousin Arjun Oberoi will become Managing Director-Development at EIH Ltd, which runs a chain of luxurious hotels and resorts under the Oberoi and Trident brands. At present, both Arjun and Vikram are Joint Managing Directors.
The present CEO, S S Mukherji, will assume the role of Executive Vice-Chairman under the new setup, EIH said in a filing to BSE, while adding that Mukherji was relinquishing the post citing "personal reasons".
The company said its board in a meeting held today approved the appointment of Vikram Oberoi as the new MD and CEO.
Arjun will also continue as an executive director of the company, the filing added.
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As CEO, Vikram Oberoi will have the overall management responsibility and authority including responsibility for day to day management affairs of the company, EH said.
Vikramjit Singh Oberoi holds a Bachelor's degree in Science from the Pepperdine University, United States. He has over 25 years of experience in the hospitality industry.
Arjun holds a Bachelor's degree in Science (Economics) from the University of Buckingham, United Kingdom. He has an experience of more than 22 years in the hospitality industry.