TGBL appoints new CEO and MD
The Board of Directors of Tata Global Beverages Limited on Wednesday announced that Ajoy Misra, presently the Deputy CEO and Executive Director of Tata Global Beverages Limited (TGBL), will be elevated and appointed as the CEO and Managing Director of TGBL effective Apr 1, 2014.
Misra will be appointed in place of Harish Bhat, who will step down at close of business on Mar 31, 2014 and move into a senior advisory position in the Tata Group.
The appointment of Misra as the Managing Director will be subject to all required statutory approvals and the approval of the members of the Company.
Misra will, with immediate effect, function as 'Managing Director Designate', until he formally takes over as Managing Director on Apr 1, 2014.
Misra has over 30 years of rich experience in the Tata group.
Prior to joining Tata Global Beverages, he held with distinction several leadership roles in the Taj Group of Hotels, including as the Head of Global Marketing and Sales, Area Director and General Manager of various regions and properties of the Taj.
He holds an undergraduate degree in engineering from BITS Pilani; and a Master's degree in business from the Faculty of Management Studies, University of Delhi.
He has also completed the Advanced Management Program at the Harvard Business School.
The Board of Directors has also decided that Harish Bhat will be appointed as a non-Executive Director on the Board of TGBL with effect from Apr 1, 2014.
(Posted on 30-01-2014)