India’s Tata Steel has reshuffled a number of top management posts in both its domestic and overseas operations.
B. Muthuraman is now the vice-chairman of Tata Steel and having resigned as the managing director of Tata Steel in September, he has resigned from the boards of several subsidiary companies. His replacement as MD, Hemant Nerurkar, has stepped down as the chairman of pig iron manufacturer Tata Metaliks Ltd and Jamipol, a three-way joint venture with a German and a Bhutanese company. In the Tinplate operation, Mr Nerurkar has quit from his post of a director, however he remains chairman of Hooghly Met Coke, a wholly owned subsidiary of Tata Steel, and TM International Ltd, in which German IQ Martrade and Japan’s NYK are partners.
Sources have indicated that Hooghly Met Coke is likely to be merged with its parent company, which is the only buyer of its products.
It is believed that the company’s senior management want Mr Nerurkar to focus more on the core operation and overseas subsidiaries (Corus, NatSteel and Tata Steel Thailand) and leave the management of the domestic joint ventures and subsidiaries to the executives at the second level.
India made up 22 per cent of Tata Steel’s turnover in the second quarter of this fiscal year making a profit of $188 million against a loss of $788 million by Tata Steel Europe.
In managerial changes further down the company Tata Steel. Group chief financial officer Koushik Chatterjee has become the chairman of Tinplate and Tata Metaliks. Senior vice-president such as Anand Sen has been appointed chairman of Tata Ryerson and Varun Jha is now the chairman of Jamipol.
A.D. Baijal, Tata Steel group director (global mineral resource), is due to retire on April 1 and his replacement as chairman of Tata Sponge is likely to be Partha Sengupta who will leave the corporate services division to take charge of raw materials. Sanjeev Paul will step down as MD of Jusco to take over corporate services. Anand Sen will take over shared services, leaving flat products for T.V. Nardendran. Hridayeshwar Jha, who was in charge of long products, will take over the reigns of the Orissa project from B.K. Singh, who retires on April 1. Bimalendra Jha will be in charge of long products, A.M. Mishra for CSI and industrial relations, and Om Narayan for special projects.
In all no fewer than eight Vice-President jobs have been changed in the reshuffle.
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