A report said that Sarna's remuneration is higher than that of his peers in the Indian hospitality sector.
Indian Hotels shareholders have approved maximum proposed remuneration of Rs 18.4 crore per annum to the recently appointed managing director Rakesh Sarna, says report.
A report said that Sarna's remuneration is higher than that of his peers in the Indian hospitality sector.
Sarna, 57, had spent 35 years working for Hyatt Hotels, where he had risen to manage portfolio of 383 properties across the United States.
Raymond Bickson was the MD and CEO of the company till August 2014.
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