Tata Sons on Friday announced some major organisational changes amidst the ongoing spat between the group and ousted chairman Cyrus Mistry.
Less than two weeks after the boardroom war broke out on October 24, the Group has brought in a new management structure, as promised by Interim Chairman Ratan Tata in his letter to group employees. It had disbanded the Group Executive Council (GEC) instituted by Mistry.
On Thursday, DNA Money had reported that the Tata Group is all set to put in place a new management structure for the $100 billion (in combined annual revenue) salt-to-software conglomerate. The report had also said that brand custodian Mukund Rajan, and former Titan COO, Harish Bhat, who were earlier part of the now-disbanded GEC, would be offered fresh roles in the new structure.
According to a media communiqué from the Tata Group, Rajan will continue to be responsible for ethics and sustainability, and will take additional responsibility of overseeing the operations of the overseas representative offices of Tata Sons in the US, Singapore, Dubai and China. Harish Bhat, in addition to his responsibilities for Marketing and Customer Centricity, will, henceforth, be responsible for managing the Tata Brand as well. In the interim, he will oversee the functions of Strategy and Business Development.
S Padmanabhan, who currently heads the Tata Business Excellence Group, will also oversee the group's human resources (HR) responsibilities. Gopichand Katragadda will continue to be the Group Chief Technology Officer, said the communiqué. Sanjay Singh will oversee Public Affairs out of the Delhi office.
The statement also said Nirmalya Kumar, NS Rajan and Madhu Kannan have decided to explore options outside Tata Sons and have left the company.
On October 24, Ratan Tata had written to employees that "a new management structure is being put in place", with a selection committee formed to find a new Chairman. Meanwhile, on Friday, journalists and photographers, who were outside the Bombay House, the headquarters of the Tata Group, were assaulted during an altercation with the company's security guards. Several journalists had assembled outside Bombay House to report on the scheduled board meeting of Indian Hotels Company, a Tata Group company. A Tata Sons spokesperson later apologised for the incident.
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
 "Cyrus Mistry")
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
)
)
)
)
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}