Change of guard at TATA Steel

TATA Steel has announced following appointments wef October 1st 2009
1. Mr B Muthuraman as Non Executive Vice Chairman
2. Mr HM Nerurkar as the MD of TATA Steel Limited
3. Mr Kirby Adams as MD &CEO of TATA Steel Europe Limited

TATA Steel in a filing with BSE said that “In accordance with Clause 30 of the Listing Agreement, we have to inform you that Mr B. Muthuraman, the present Managing Director of the Company will retire from his Executive position and from the Board on 30th September 2009. The Board of Directors of the Company has decided to re-appoint Mr Muthuraman on the Board as an additional director and designate him as the Non-Executive Vice Chairman of the Company with effect from 1st October, 2009.”

It added that “The Board has also decided to appoint Mr HM Nerurkar as the Managing Director of TATA Steel Limited and Mr Kirby Adams as the Managing Director and Chief Executive Officer of TATA Steel Europe Limited with effect from October 1st 2009.”

The release also said that Mr Nerurkar and Mr Adams will directly report to the Board of TATA Steel Limited.

The appointment of Mr Muthuraman as non executive vice chairman is in line with what was recently implemented in two other group companies TATA Motors and TCS. Mr Ravi Kant former MD of TATA Motors was also elevated as non executive vice chairman of the commercial vehicle maker, while Mr S Ramadorai of TCS was also given a similar role.

The appointment of Mr Nerurkar was already indicated in March.

B Tech in metallurgical engineering from the College of Engineering, Pune University, Mr Nerurkar has attended several management courses in India and overseas, including CEDEP in France. He is associated with several professional organizations, such as Indian Institute of Metals, INSDAG, AIMA Governing Council among others. He is also a member of the board of directors of TM International Logistics.

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