Narendran: Role call

Calcutta, Sept. 19: The board of Tata Steel today announced a series of executive appointments to establish a new leadership structure for the $25-billion company.

The board today inducted T.V. Narendran as an additional director and appointed him as the managing director–designate of India and South East Asia. He will succeed H.M. Nerurkar.

“On reaching superannuation on October 31, 2013, H.M. Nerurkar, managing director of Tata Steel India and South East Asia, will step down from the board and will be succeeded by T.V. Narendran from November 1, 2013,” the company today said in a statement.

Narendran is vice-president (safety and flat products) of Tata Steel. He joined the company after completing his MBA from IIM Calcutta in 1988.

He also attended the advanced management programme in INSEAD, a business school based in Fontainebleau, France.

Narendran started his career in the export department of Tata Steel and later shifted to domestic operations and was involved in market development and supply chain management among others.

He had worked closely with Tata Steel vice-chairman B. Muthuraman.

The board also increased the responsibility of executive director and group chief financial officer Koushik Chatterjee by appointing him as the group executive director (finance and corporate).

“In addition to maintaining responsibility for the company’s finance function, Chatterjee will be responsible for the Tata Steel group corporate functions, including legal and regulatory affairs, corporate communications, strategic procurement, information systems, group investments, global mining projects and assurance,” the company said.

Chatterjee, a commerce graduate from Calcutta University, had joined Tata Steel in 1995 and had played a key role in its mergers and acquisition strategy.