Tata Steel on Thursday announced that T V Narendran would be the company's new Managing Director from November 1, 2013, in place of the incumbent H M Nerurkar, who is attaining superannuation on October 31, 2013.
Narendran, who is Vice President (Safety and Flat Products), joined Tata Steel in 1988 after completing MBA from the Indian Institute of Management, Calcutta. “On reaching superannuation on October 31, 2013, H M Nerurkar, MD, 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 said in a statement.
Narendran will be MD-designate, India and South-East Asia, and will be part of the company's board as an additional director until Nerurkar's retirement.
The company also promoted Koushik Chatterjee, currently Executive Director and group CFO, as Group Executive Director (Finance and Corporate). He has been entrusted with additional responsibilities, including Tata Steel's group corporate functions, global mining projects, strategic procurement and corporate communications.