Indicate by
check mark whether the registrant files or will file annual reports under cover Form
20-F
or Form
40-F.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorised.
|
|
|
|
|
Tata Motors Limited
|
|
|
|
|
By:
|
|
/s/ Hoshang K Sethna
|
|
Name:
|
|
Hoshang K Sethna
|
|
Title:
|
|
Company Secretary
|
Dated: August 14, 2017
Item 1
TATA MOTORS LIMITED
Bombay House
24, Homi Mody
Street,
Mumbai 400 001, Maharashtra, India
Tata Motors announces appointment of new Chief Financial Officer
August
14, 2017, Mumbai:
Tata Motors today announced the appointment of Mr. P B Balaji as the new Chief Financial Officer,
Tata Motors Group from November 2017, to drive financial performance and bring greater rigor to operations and investment decisions across the different entities.
Mr. Balaji is a global finance professional with over two decades of experience in the corporate sector. He started his career with Unilever in 1995 and
worked in different corporate finance roles across Asian markets, Switzerland, UK and India. Since 2014, he has been heading the finance function as the Chief Financial Officer of Hindustan Unilever, a $6 billion enterprise. Prior to that, he
was the Chief Accountant of the Unilever Group in London.
Mr.
N Chandrasekaran, Chairman, Tata Motors
said: “Mr Balaji’s deep knowledge in all areas across finance and his global experience will be very valuable for the Tata Motors Group. He will be a great addition to the management team.”
“Tata Motors is delighted to welcome Mr. Balaji as the new CFO for the Tata Motors Group. He will play a very important role in our transformation
journey and help us in our renewed focus on topline, market share growth, major cost reduction initiatives and efficiency improvements to deliver better financial performance and profitability in the future.” said
Mr.
Guenter
Butschek, Chief Executive Officer
& Managing Director, Tata Motors.
“The
Tata Group represents the leading edge of Indian business and I am delighted to have the opportunity to work with the Tata Motors’ leadership team. I look forward to being part of the transformation journey and an exciting career ahead,”
said
Mr.
P
B Balaji
.
Mr Balaji is a graduate of Indian Institute of Technology, Chennai and has a post-graduate
management degree from Indian Institute of Management, Kolkata. He will up take up his new assignment in November this year.
Reproduced below are brief details of Mr P B Balaji’s appointment.
Details under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Clause 7 of the SEBI Circular dated
September 9, 2015
|
|
|
|
|
|
|
Sr.
No.
|
|
Particulars
|
|
Details
|
|
|
|
|
|
1.
|
|
Reason for change viz. appointment, resignation, removal, death or otherwise;
|
|
Appointment
|
|
|
|
|
|
2.
|
|
Date of appointment/cessation (as applicable) & term of appointment;
|
|
November 2017
To be appointed as Chief
Financial Officer of Tata Motors’ Group
|
|
|
|
|
|
3.
|
|
Brief profile (in case of appointment);
|
|
Attached as Annexure A
|
|
|
|
|
|
4.
|
|
Disclosure of relationships between directors (in case of appointment of a Director).
|
|
Not Applicable
|
ANNEXURE A
Mr.
P.
B. Balaji
is currently the Executive Director Finance & IT and
CFO of Hindustan Unilever Limited (HUL) and a Member of its Stakeholders’ Relationship, Corporate Social Responsibility and Risk Management Committees.
Mr. Balaji (46) joined HUL as a Management Trainee in May 1993 and has worked in number of roles in finance and supply chain over a period of 20
years.
Mr. Balaji was the Vice President, Finance for Unilever America, Supply Chain, based out of Switzerland, responsible for financial aspects of
an 18 billion supply chain. Prior to that, he was the Group Chief Accountant of Unilever worldwide based at London. Before moving to London, Mr. Balaji has served as the Vice President, Finance for the Home and Personal Care business in
India and earlier as the Vice President, Treasury for the AAR region based out of Singapore.
Mr. Balaji is a Mechanical Engineer from IIT Chennai and
has a PGDM from IIM Kolkata.
Mr. Balaji was awarded the Best CFO in FMCG and Best CFO for “Creating Shared Value” by YES Bank – BW
Business World as also All Asia 2017 award for Best CFO in Consumer by Institutional Investor.
About Tata Motors
Tata Motors Limited, a USD 42 billion organisation, is a leading global automobile manufacturer of cars, utility vehicles, buses, trucks and defence
vehicles. As India’s largest automobile company and part of the USD 100 billion Tata group, Tata Motors has operations in the UK, South Korea, Thailand, South Africa, and Indonesia through a strong global network of 76 subsidiary and
associate companies, including Jaguar Land Rover in the UK and Tata Daewoo in South Korea. In India, Tata Motors has an industrial joint venture with Fiat. Engaged in engineering and automotive solutions, with a focus on future-readiness and a
pipeline of tech-enabled products, Tata Motors is India’s market leader in commercial vehicles and among the top in passenger vehicles with 9 million vehicles on Indian roads. The company’s innovation efforts are focused on developing
auto technologies that are sustainable as well as suited. With design and R&D centres located in India, the UK, Italy and Korea, Tata Motors strives to pioneer new products that fire the imagination of GenNext customers. Abroad, Tata cars,
buses, and trucks are being marketed in Europe, Africa, the Middle East, South Asia, South East Asia, South America, Australia, CIS, and Russia.
To know
more, please visit (www.tatamotors.com; also follow us on Twitter: https://twitter.com/TataMotors)
Safe Harbor:
Statements included herein may constitute “forward-looking statements”.
Forward-looking statements are based on expectations, forecasts and assumptions by management and involve risks, uncertainties, and other factors that may cause our actual results, performance or achievements to materially differ from those stated.
We cannot be certain that any expectation, forecast or assumption made by management in preparing these forward-looking statements will prove accurate, or that any projection will be realized. More detailed information about these and other factors
that could affect future results is contained in our annual reports and filings with the Securities and Exchange Commission. Our forward-looking statements pertain to the date of their initial issuance, and we do not undertake to publicly update or
revise any forward-looking statement, whether as a result of new information, future events or otherwise.