India Hospitality Corp. Announces Addition of COO Sandeep Vyas to Board of
Directors
LONDON, Jan. 2 -- India Hospitality Corp. (LSE: IHC, IHC or India
Hospitality) today announced that the Board of Directors has appointed Chief
Operating Officer Sandeep Vyas as a Director effective December 30, 2008.Mr. Vyas will fill the board seat vacated by Scott LaPorta on July 30, 2008. Mr. Vyas was the co-founder and executive vice-president of Barista Coffee
and has held several leadership positions in the consumer and hospitality
industries. Recently, as the director of worldwide operations for Yum! Brands
International's Pizza Hut, he led the global repositioning of the Pizza Hut
dine-in brand. Previously, as the head of operations for Yum! Brands'
strategic business unit in India, Mr. Vyas led the re-entry of Yum! Brands'
KFC business in that market.
Mr. Vyas, 39, was a director of Yum! Restaurants International Marketing
India (P) Ltd. until 2006. There are no further disclosures required under
paragraph (g), Schedule Two of the AIM Rules for Companies.
About India Hospitality Corp.
India Hospitality Corp. (IHC) is a diversified pan-Indian hospitality and
leisure company. In July 2007, IHC closed on the acquisition from Navis
Capital Partners and its Affiliates of India-based Mars Restaurants Private
Limited, an emerging hotel and restaurant company, and SkyGourmet Catering
Private Limited, an airline catering company with 1,700 employees operating
out of five locations in India.
Deutsche Bank AG is IHC's nominated adviser and broker for the purposes of
the AIM Rules for Companies. Its responsibilities as IHC's nominated adviser
and broker under the AIM Rules for Nominated Advisers are owed solely to
London Stock Exchange plc and not to IHC, any director of IHC or any other
person.
No offer or invitation to purchase or subscribe for ordinary shares in or
warrants to purchase or subscribe for ordinary shares or warrants of IHC is
being made by this announcement.
SOURCE India Hospitality Corp.
-0- 12/31/2008
/CONTACT: Harsh Wardhan of Mutual Image & Events Management Pvt. Ltd.,
+91-11-41416523; or Investor Relations, William Schmitt of ICR Inc.,
+1-203-682-8200; or Nominated Adviser and Broker, Mumtaz Naseem, of Deutsche
Bank AG, +44-20-7545-8000, all for India Hospitality Corp./
(IHC.L)END
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