Dillip Rajakarier — Photo by Skift

Dillip Rajakarier at the start of the new year will replace Bill Heinecke as group chief executive officer of Minor International while maintaining his role as CEO of Minor Hotels.

Heinecke, founder of the public-listed hospitality, restaurants, and lifestyle company in Thailand, will assume a new position as chairman of the executive management committee while retaining his position as Chairman of the Board.

The American entrepreneur, 70, also retains his indefatigable energy and passion, telling Skift he is stepping up, not down, when asked about the Rajakarier's promotion.

Read the full article at skift Inc.