Tata Steel rejigs top deck: At 48, TV Narendran is youngest company MD

The Board of Tata Steel, on Thursday, appointed T V Narendran as Managing Director designate, India and South East Asia, inducting him into the board as an additional director. He will succeed H M Nerurkar, the present Managing Director, who reaches superannuation on October 31, 2013.<br /><br />

hidden September 20, 2013 07:48:11 IST
Tata Steel rejigs top deck: At 48, TV Narendran is youngest company MD

The Board of Tata Steel, on Thursday, appointed T V Narendran as Managing Director designate, India and South East Asia, inducting him into the board as an additional director. He will succeed H M Nerurkar, the present Managing Director, who reaches superannuation on October 31, 2013.

Thenew leadership structure is part of its drive to accomplish its strategic business objectives.

Narendran, who is Vice President (Safety and Flat Products), joined Tata Steel in 1988 after completing MBA from the Indian Institute of Management, Calcutta.

"On reaching superannuation on October 31, 2013, H M Nerurkar, MD, Tata Steel India and South-East Asia, will step down from the Board and will be succeeded by T V Narendran from November 1, 2013," the company said in a statement.

Tata Steel rejigs top deck At 48 TV Narendran is youngest company MD

Reuters

Narendran will be MD-designate, India and South-East Asia, and will be part of the company's board as an additional director until Nerurkar's retirement.

A Business Standard report says at 48, Narendran will be the youngest MD Tata Steel has ever had. Narendran, inducted as an additional director, was being groomed for the top job, according to officials close to the development.

The company also promoted Koushik Chatterjee, currently Executive Director and group CFO, as Group Executive Director (Finance and Corporate). He has been entrusted with additional responsibilities, including Tata Steel's group corporate functions, global mining projects, strategic procurement and corporate communications.

Besides Narendran and Chatterjee, MD and CEO of Tata Steel Europe Karl Koehler will report to Chairman Cyrus Mistry from November 1.

"The new leadership will be responsible for defining the overall direction and strategy for Tata Steel across both its emerging and developed markets," the company said.

Agencies

Updated Date:

also read

Tata Steel Chess 2022: Magnus Carlsen beats R Praggnanandhaa to grab lead; Vidit Gujrathi suffers first defeat
Sports

Tata Steel Chess 2022: Magnus Carlsen beats R Praggnanandhaa to grab lead; Vidit Gujrathi suffers first defeat

Van Foreest introduced an interesting novelty on the white side of Nimzo-Indian Defence against one of the leaders, Gujrathi and an error by the Indian GM on move 36 proved costly as the Dutchman capitalised to post a win late on Saturda

Tata Steel Chess Masters 2022: Indian GM Vidit Gujrathi remains among the leaders
Sports

Tata Steel Chess Masters 2022: Indian GM Vidit Gujrathi remains among the leaders

Gujrathi shared honours with Jan-Krzysztof Duda (Poland) to take his tally to four points while Praggnanandhaa (2.5 points) held Sam Shankland (USA) to a draw late on Friday

Tata Steel Chess 2022: Indian GM Vidit Gujrathi keeps lead; R Praggnanandhaa posts first win
Sports

Tata Steel Chess 2022: Indian GM Vidit Gujrathi keeps lead; R Praggnanandhaa posts first win

Grandmaster R Praggnanandhaa, meanwhile, bounced back after a defeat in the third round and scored his first victory of the tournament, beating Nils Grandelius of Sweden late on Tuesday to take his tally to 2 points