The board meeting of ITC Hotels here on Wednesday decided on the change. Mr Rehman has been managing director of the company since April 1994 and a director of ITC Ltd since November 1997.
Mr Rehman continues on the main board of ITC Ltd as a whole-time director in charge of hotels, travel and tourism, according to a companys statement. ITC Ltd has a 72 per cent holding in ITC Hotels.
During Mr Rehmans tenure, ITC Hotels saw the strengthening of Indias cuisines through the internationally acclaimed restaurants, Bukhara, Dum Pukht, Peshawri and Dakshin, as well as the introduction of international flavours through Maroush, Pan Asian and Dublin.
The hotels in the group saw the infusion of new design concepts at ITC One, and at the newer hotels, ITC Hotel Kakatiya Sheraton, ITC Hotel Grand Maratha Sheraton, ITC Hotel Sonar Bangla Sheraton and the Grand Central Parel.