Tata Sons appoints new execs to steer group
The organisational changes have been talked about much recently, since interim chairman Ratan Tata has been keen on preparing the conglomerate before the eventual appointment of a new chairman in four months.business Updated: Nov 04, 2016 18:36 IST
Tata Sons on Friday announced changes in the roles and responsibilities of some key group executives, the first such move after the board decided on October 24 to replace Cyrus Mistry as chairman of the $103-billion conglomerate.
Under the organisational reshuffle, S Padmanabhan will oversee the human resources department of the group, in addition to his existing responsibilities of leading the Tata Business Excellence Group. The HR portfolio was earlier handled by NS Rajan, who has resigned from the group.
Tata Sons also said that Mukund Rajan will oversee the operations of the overseas representative offices of Tata Sons in the USA, Singapore, Dubai and China. This will be in addition to his current responsibility of looking after ethics and sustainability.
The organisational changes have been talked about much recently, since interim chairman Ratan Tata has been keen on preparing the conglomerate before the eventual appointment of a new chairman in four months.
The Tatas have constituted a search panel to look for a new chairman.
“Harish Bhat, in addition to his (current) responsibilities for marketing and customer centricity, will henceforth also be responsible for managing the Tata brand. In the interim, he will oversee the functions of strategy and business development,” the company said in a statement. The functions related to brand was earlier being seen by Rajan.
The group has retained Gopichand Katragadda as chief technology officer.
Nirmalya Kumar, N S Rajan and Madhu Kannan, who were earlier part of the Group Executive Council, “have decided to explore options outside Tata Sons and have left the services of the company,” the statement added.