In a move to entrust its next generation executives with greater responsibility, Tata Sons Ltd, the Group’s holding company, has formed a new group executive council (GEC), headed by Chairman Cyrus P. Mistry.
The GEC subsumes the Group Corporate Centre (GCC) and the Group Executive Office (GEO). The GCC was set up by the Tata Group in 2001 to provide strategic and operational support to the Chairman. Effective Tuesday, the new group, under the aegis of the Tata Sons Board, will assume the roles of the GCC and the GEO. Some of the earlier members of these groups were Ishaat Hussain, N.A . Soonawala, J. J. Irani, Arun Gandhi and R. Krishna Kumar.
The company has so far announced three members of the GEC. N. S. Rajan (51) will head the lead strategic function of human resource; Mukund Govind Rajan (45) will oversee brand, communication, ethics and corporate social responsibility, while Madhu Kannan (39) will head business development and public affairs. They will report to the Chairman effective from May 9. Other appointees to the GEC will be announced in due course, it said.
The mandate of the GEC is to own and drive the delivery of the core purpose of the $100-billion Tata Group and to create a long-term value for all stakeholders. It will work closely with and partner the Boards, CEOs and senior management of over 100 Tata companies.
“The agenda of the GEC includes, inter alia, return on investment with a long-term perspective; support for and shaping of the agenda for philanthropy; preserving and enhancing the reputation of the Tata name; defining and driving a Tata way of working for group companies; and playing a proactive role so that the group fulfils its