Tata
revamp creates new group unit
Times of India May 1, 2002
As
part of evolving strategies for future growth
areas, the Rs 48,000-crore Tata Group has
added a new layer to its management structure
by creating a group corporate centre under the
chairmanship of Ratan Tata. The GCC will report
to Tata Sons. The mandate of the GCC will be to
guide the future group strategy and direction,
in close coordination with the group executive
office. The other members of the GCC include J
J Irani, the former managing director of Tata
Steel and chairman, Tata Teleservices, R K Krishna
Kumar, the Tata Tea vice-chairman and managing
director, Indian Hotels Company Ltd and N
A Soonawala. Krishnakumar was recently inducted
into Tata Sons as executive director. The existing
group executive office members, which will be
part of the GCC, includes R.Gopalkrishnan, Ishaat
Hussain and Kishore Chaukar. After the present
exercise, the group will have three layers at
the top-Tata Sons, the holding company of Tata
Group, GCC and group executive office. The group
executive office will be viewed as the executive
arm of the GCC. The executive directors in the
group executive office, as per the Tata policy
on serving executives, are below the age of 65.
Other members of the GCC, however need not be
constrained in this respect. Explaining the rationale,
Bombay House sources said this is why senior Tata
persons who have retired from executive positions,
such as Soonawala and J J Irani, who have important
contributions to make, have been brought into
the corporate centre.
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