The Hindu Business Line : Tata Steel sets up ‘group centre’ to address key functions

Mumbai, Nov. 28 Tata Steel has identified key functions to be performed with a common approach across the steel major’s group and has set up a ‘group centre’ for the purpose.

Tata Steel comprises two entities — Tata Steel which includes Tata Steel Thailand and NatSteel Asia, and the recently acquired Corus Group.

The group centre will address key functions such as technology and integration, finance, strategy, corporate relations and communications, and global minerals, and will report to the Managing Director of Tata Steel and the CEO of Corus.

Committee members

The Chairman of Tata Steel, Mr Ratan Tata, will continue to chair the strategy and integration committee. Mr Jim Leng, Mr B. Muthuraman, Mr Philippe Varin, Dr Tridibesh Mukherjee, Mr Rauke Henstra, Mr Hemant Nerurkar, Mr Koushik Chatterjee and Mr Jean-Sébastien Jacques are members of the committee.

Dr Tridibesh Mukherjee is appointed as Group Director, Technology & Integration; Mr Koushik Chatterjee has been appointed Group Chief Financial Officer; Mr Jean-Sébastien Jacques Group Director, Strategy; Mr Manzer Hussain Group Director, Communications and Mr Arun D. Baijal, Group Director, Global Minerals.

Both Tata Steel and Corus will have executive committees chaired by Mr B. Muthuraman, and Mr Philippe Varin, respectively.

Quarterly review

A joint executive committee for the Tata Steel Group will meet quarterly to review the overall performance against the Group ambition. This committee will be co-chaired by the Managing Director of Tata Steel and the CEO of Corus.

A Tata Steel release said the company has set itself an ambition to become one of the leading players in the global steel industry and to realise the ambition, a new organisation has been announced on Wednesday which will come into effect from January 1, 2008.

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