Chalet Hotels Names Shwetank Singh CEO As Sanjay Sethi Steps Down

Sanjay Sethi's decision to step down as the CEO and MD after a decade points to a possible change in the way the company operates as it faces stiff competition in an intense industry landscape.

Chalet Hotels’ Managing Director and CEO Sanjay Sethi will step down when his current term ends on January 31 next year. Sethi confirmed the decision during the company’s earnings call Friday, noting he had informed the board earlier of his intent not to seek an extension.

Shwetank Singh, currently executive director, will take over as CEO and managing director.

“Over the past two years, we’ve been thoughtfully preparing for the future of leadership at Chalet,” Sethi said in a statement. “In alignment... with the Board, I had communicated my intent not to seek an extension of my current term.”

Sethi first took the top role at Chalet in January 2015. He briefly left in 2017 to serve as chief operating officer at ITC Hotels, returning to Chalet the following year.

Singh, who joined the company in August 2023 as chief growth