Tata Motors' Kadle named CFO of the year
The Financial Express — December 16, 2004

CFOs are the preservers of assets and the faith of the stakeholders of an organisation is the biggest asset of all. Speaking at the India CFO Awards 2001, Sebi chairman GN Bajpai said: "CFO has to manage the situa-tions where there is a choice be-tween pecuniary prosperity and ethical poverty." At a function in Mumbai, the title of the CFO of the Year for 2004 was conferred upon Tata Motors executive director-finance & corporate affairs, Praveen Kadle.

Speaking on the occasion, Mr Kadle said: "This is an honour for all my colleagues in Tata Motors from all departments including the finance department. All the initiatives that we undertook during the recent trying times received full support from the entire company, right from the shop floor worker." Commenting on the awards on behalf of the jury, former chairman of SBI and Trai, MS Verma said that increasingly CFOs are associating themselves with other business functions.

More and more of them are intolerant towards unethical practices, added Mr Verma. Giving his opening remarks, BNP Paribas country manager & CEO, Frederic Amoudru pointed out that challenges for the CFO involve the balancing of ambition and prudence, in line with the interest of the stakeholders. BNP Paribas was the principal partner, while NDTV 24X7 and Sun Microsystems were the associate partners for the event.