As part of succession planning, Mr. Firdose A. Vandrevala, deputy managing director, Tata Steel, will be joining as deputy managing director, Tata Power, effective 1st November 2001.
Mr. A. J. Engineer, the current managing director of Tata Power, will be retiring from the company on 31st August 2002 and Mr. A. M. Sahni will be laying down office as executive director on 31st October 2002.
Mr. Vandrevala is currently the deputy managing director (New & Allied Businesses) of Tata Steel. Mr. F. A. Vandrevala is a B.Tech. (Elect. Engg. Hons.) from IIT, Kharagpur and has obtained his Post Graduate Diploma in Business Management from XLRI, Jamshedpur.
Mr. Vandrevala joined Tata Steel in 1972 and has held various senior positions prior to being elevated to the position of Deputy Managing Director.
His term with Tata Power will be initially for five years effective 1st November 2001 and will be subject to the approval of the shareholders of the Company, which will be obtained at the next Annual General Meeting.