The Board of Directors of Tata Global Beverages Limited announced at its meeting today Mr. Ajoy Misra, presently the Deputy CEO and Executive Director of Tata Global Beverages Limited (TGBL) be elevated and appointed as the CEO and Managing Director of TGBL effective 1st April 2014, in place of Mr. Harish Bhat, who will step down at close of business on 31st March 2014 and move into a senior advisory position in the Tata Group.
The appointment of Mr. Misra is Tata Global as the Managing Director will be subject to all required statutory approvals and the approval of the members of the Company.
The GEC, which also includes Mistry, took on the responsibility for all the roles earlier performed by both the group corporate centre (GCC) and the group executive office (GEO). It works closely with and partners the boards, CEOs and senior managements of various Tata companies.
Mistry had created GEC last year handpicking a team of young executives, both internally within the group and from outside. Other members of the GIC include NS Rajan, who leads the strategic function of human resources; Mukund G Rajan, who oversees brand, communication, ethics and corporate sustainability; Madhu Kannan, heading business development and public affairs and Nirmalya Kumar, who is responsible for strategy at the group level and bringing customer centricity to the fore across group companies.
Ajoy Misra will function as Managing Director-Designate with immediate effect till he formally takes over as Managing Director. The board has also decided that Harish Bhat would be appointed as a non-executive director on the board of Tata Global Beverages with effect from April 1.
The appointment of Mr. Misra is Tata Global as the Managing Director will be subject to all required statutory approvals and the approval of the members of the Company.
The GEC, which also includes Mistry, took on the responsibility for all the roles earlier performed by both the group corporate centre (GCC) and the group executive office (GEO). It works closely with and partners the boards, CEOs and senior managements of various Tata companies.
Mistry had created GEC last year handpicking a team of young executives, both internally within the group and from outside. Other members of the GIC include NS Rajan, who leads the strategic function of human resources; Mukund G Rajan, who oversees brand, communication, ethics and corporate sustainability; Madhu Kannan, heading business development and public affairs and Nirmalya Kumar, who is responsible for strategy at the group level and bringing customer centricity to the fore across group companies.
Ajoy Misra will function as Managing Director-Designate with immediate effect till he formally takes over as Managing Director. The board has also decided that Harish Bhat would be appointed as a non-executive director on the board of Tata Global Beverages with effect from April 1.
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