Tata Steel today announced the appointment of TV Narendran as its new managing director from November 1, replacing incumbent H M Nerurkar.
Mr Narendran, who is vice president (Safety and Flat Products), joined Tata Steel in 1988 after completing his 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 TV Narendran from November 1, 2013," the company said in a statement.
Mr Narendran will be MD-designate, India and South-East Asia, and will be part of the company's board as an additional director until Mr Nerurkar's retirement.
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.
From November 1, MD and CEO of Tata Steel Europe Karl Koehler along with Mr Narendran and Mr Chatterjee will report to chairman Cyrus Mistry
"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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
