In­dia’s Tata Sons in­stall new man­age­ment team

Kuwait Times - - BUSINESS -

MUM­BAI:

Tata Sons has put in place a new man­age­ment team for the $100 bil­lion steel-to-soft­ware group, days af­ter its board ousted Chair­man Cyrus Mistry and dis­banded his ad­vi­sory coun­cil, trig­ger­ing a public spat be­tween him and Ratan Tata.

Ratan Tata, pa­tri­arch of the Tata group who is tem­po­rar­ily back at the helm as in­terim chair­man, has put to­gether a team of five ex­ec­u­tives, in­clud­ing two for­mer Mistry ad­vis­ers, Tata Sons said in a state­ment yes­ter­day.

The team com­prises S Pad­man­ab­han, who cur­rently leads the Tata busi­ness ex­cel­lence group and will also be group hu­man re­sources head, Gopic­hand Ka­tra­gadda, who will con­tinue in his cur­rent role as group chief tech­nol­ogy of­fi­cer, and San­jay Singh, who will over­see public af­fairs in Delhi.

The new team also in­cludes Mukund Ra­jan and Har­ish Bhat, for­merly part of Mistry’s five-mem­ber ad­vi­sory coun­cil. Ra­jan will con­tinue to be re­spon­si­ble for ethics and sus­tain­abil­ity, and will also over­see the group’s in­ter­na­tional op­er­a­tions in the United States, Sin­ga­pore, Dubai and China.

Bhat, who over­sees mar­ket­ing, will also be brand cus­to­dian and in­terim strat­egy and busi­ness devel­op­ment head. The re­main­ing three Mistry ad­vis­ers - Nir­malya Ku­mar, NS Ra­jan and Madhu Kannan - have left the com­pany, Tata Sons said.

Tata vet­eran Prasad Menon, who last served as chair­man of Vis­tara, an air­line ven­ture with Sin­ga­pore Air­lines, has also been brought in to help Ratan Tata tem­po­rar­ily, a source close to the com­pany had told Reuters. While Mistry has been re­moved as chair­man of Tata Sons, he is still chair­man of some of the key listed group com­pa­nies such as In­dian Ho­tels Co, Tata Mo­tors, Tata Com­mu­ni­ca­tions and Tata Steel.

Re­mov­ing him as chair­man from some of the com­pa­nies, where Tata Sons is not a ma­jor­ity share­holder, might prove harder. In­dian Ho­tels, owner of the Taj chain of ho­tels, will be the first to hold a board meet­ing af­ter Mistry’s ouster. The meet­ing, yes­ter­day, was to dis­cuss the com­pany’s quar­terly re­sults, but what else might be on the agenda is not yet known. — Reuters

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