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Tata Steel has elevated its India head TV Narendran as global Managing Director and CEO.
Considered as Tata Steel veteran, Narendran, 52 was appointed as Managing Director and CEO of India and South Asia in November 2013 and has worked his way hard to lead the company globally.
The decision to promote Narendran was taken at the Board meeting held on Tuesday, said the company in a statement.
Elevation of Narendran comes when the company is in the process of cutting down its business in Europe to trim down losses. On this front, it has initiated talks with Thyssenkrupp for a joint venture in Europe.
During his tenure at the helm in India, Narendra was instrumental in commissioning the company's much-delayed steel plant in Odisha and enabled the plant focus on speciality products for automobile and various other sectors.
Narendran joined the company in 1988 and worked at various levels at the plant in Jamshedpur and corporate office in Kolkatta.
A mechanical engineer by training, he joined the company after completing MBA from IIM Calcutta.
The Board also re-appointed Koushik Chatterjee as executive director and chief financial officer for five years with effect from November 9.
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