Tata Motors announces interim organisational changes
Date: 06 Feb 2014
Tata
Motors announced that as an interim measure, consequent upon the sudden demise
of the company’s Managing Director Karl Slym, a Corporate Steering Committee
(CSC) will provide oversight of strategy and key aspects of the company’s
operations.
Cyrus P. Mistry will chair the CSC, which
comprises all the current members of the company’s Executive Committee (.
Ravindra Pisharody,. Satish B. Borwankar,. C Ramakrishnan, Dr. T. A. Leverton,.
Ranjit Yadav, Mamillapalle Venkatram, Ankush Arora and Rajesh Bagga).
Mistry will also chair New Product Design and
Engineering Review meetings.
In
connection with these changes,. Mistry issued the following statement:
“I
was deeply saddened by the tragic and untimely demise of Karl Slym, Managing
Director of Tata Motors.
“To ensure leadership continuity, the Board of
Tata Motors has constituted a Corporate Steering Committee to oversee strategy
execution and key aspects of operations; the Corporate Steering Committee will
be chaired by me, and will include the current Executive Committee members. The
Board expects to appoint a Managing Director in due course.
“As communicated to all Tata Motors employees
by me on January 30, during the condolence meeting held in the memory of Karl,
we will ensure that the company vigorously pursues and delivers on the strategy
which had already been defined and which Karl was executing.
“As the company looks ahead, it is gratifying
to note that several new product launches have taken place recently and a
robust pipeline is being showcased at this year’s Auto Expo. I am confident
that Tata Motors will sustain its strong leadership in the Indian Automobile
industry.”