Udayan Bose is Thomas Cook''s non-executive chairman

23 Jan 2006

Mumbai: Investment banker Udayan Bose has taken over as non-executive chairman of Thomas Cook India Ltd. Ashwini Kakkar, who has stepped down from the post of CEO and managing director is being retained as a special advisor for at least six months.

This change follows the completion of the acquisition of Thomas Cook International Markets Ltd, UK, by Dubai Financial LLC, a 100 per cent subsidiary of Dubai Investment Group, the global investment arm of Dubai Holding.

After taking over the Indian subsidiary of Thomas Cook AG, the new owners of Thomas Cook India Ltd (TCIL) have reconstituted the company board, with six new directors. Sayanta Basu will be additional director and deputy chairman. The other new directors include Jacquiline Gorski, Abdulhakeem Kamkar, A V Rajwade, and Dilip De.