Tata Steel rejigs roles of two key executives


    Tata Steel’s decision to rejig the roles of two key executives — managing director (India & Southeast Asia) TV Narendran and group executive director and chief finance officer Koushik Chatterjee — is linked closely to its proposed merger with Thyssenkrupp in Europe and the focus to grow aggressively in India.

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    The company’s board, which met on Monday, elevated Narendran as the global chief executive and managing director, and re-designated Chatterjee as executive director and CFO. While both were previously reporting to the Tata SteelBSE 1.10 % board, Chatterjee will now report to Narendran.

    In the fresh scheme of things, Tata Steel has clearly set its sights on India. Tata Sons chairman N Chandrasekaran has said the company has the potential to double its India capacity, which currently is 13 million tonnes. 

    Info Source-economictimes

    Image Source-financialexpress


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