UK based budget hotel chain and part of Whitbread PLC Premier Inn, which has a strong presence in the country, announced the appointment of Rajeev Babbar as Vice President – Finance & Planning, South Asia (India, Sri Lanka and Maldives). As a key member of Premier Inn’s executive team, Rajeev will facilitate the company’s continued growth and success by optimizing capital structures, raising capital, and improving and enhancing the company’s financial growth.
Rajeev brings with him substantial expertise,
knowledge and experience in several key areas of Finance and Strategic Planning, with a proven track record in deploying significant capital to enable value creation. At Premier Inn, Rajeev’s core responsibilities will include interaction with the capital markets and leadership of the finance, accounting, corporate mergers, acquisitions and divestitures for the company. He will also lead all aspects of corporate financial planning and analysis, purchase and legal & secretarial functions as well as investor relations.
Prior joining to Premier Inn, Rajeev was working with Emaar MGF Land Limited as Assistant Vice President Finance – Hospitality and Treasury. In this role, he was responsible for business development, acquisitions, management tie-ups, financial reporting and budgeting.
Commenting on the appointment, Aly Shariff, Senior Vice President – Operations, Premier Inn, South Asia and Asia Pacific said, “As Premier Inn moves to the next phase of development, it is important to not only have an expert in financial management at the helm but, more importantly, someone who also understands how to grow an asset. We are confident that Rajeev with his immense experience will take the company to a different level in India”
Rajeev Babbar is a Chartered Accountant (CA) from The Institute of Chartered Accountants of India 1994. Apart from that, he has also worked with some of the leading organizations- Marriott’s, Oberoi’s and DLF.