News »Browse Articles »
Chandrasekaran to replace Ramadorai at TCS
+1
Chandrasekaran to replace Ramadorai at TCS
16 Jan 2009 Mumbai:Even as India`s fourth largest IT company Satyam searches for a new CEO, the country`s biggest player Tata Consultancy Services is set to see a new face at the helm. N Chandrasekaran is stepping into the shoes of S Ramadorai, who has been MD and CEO of the Tata group`s flagship software arm since 1996.
Ramadorai, who turns 65 in October, will relinquish executive power as per the group`s retirement policy. He will, however, continue to be associated with TCS in a non-executive capacity and will be redesignated as vice-chairman (currently a non-existent post) for the next 10 years in line with group policies. It may be recalled that a few years ago, the Tata group increased the retirement age for non-executive directors from 70 to 75 years.
About 16 months ago, Chandrasekaran was appointed as COO and was elevated to the position of executive director on the company`s board. In some ways, Chandrasekaran`s career trajectory mirrors that of Ramadorai. Both began as software engineers and both started their careers with TCS. There were rumours that former Wipro vice-chairman and ex-TPG partner Vivek Paul may join TCS. Sources, however, dismissed it as speculation.
Apart from TCS, two other Tata companies will also see top-level changes. The CEO of Ratan Tata`s pet company Tata Motors` Ravi Kant will retire in June. Kant joined Tata Motors in 2000 when the carmaker posted its biggest loss in its history over Rs 500 crore. P M Telang, who is in charge of commercial vehicles, is likely to succeed Kant, sources said. Last month Tata Chemicals, known for its popular brand Tata Salt, saw R Mukundan take over from Homi Khusrokhan as MD. Tata Steel will see its long-standing MD B Muthuraman, too, stepping down in some months.
Source:
http://economictimes.indiatimes.com/articleshow/3986302.cms
Ramadorai, who turns 65 in October, will relinquish executive power as per the group`s retirement policy. He will, however, continue to be associated with TCS in a non-executive capacity and will be redesignated as vice-chairman (currently a non-existent post) for the next 10 years in line with group policies. It may be recalled that a few years ago, the Tata group increased the retirement age for non-executive directors from 70 to 75 years.
About 16 months ago, Chandrasekaran was appointed as COO and was elevated to the position of executive director on the company`s board. In some ways, Chandrasekaran`s career trajectory mirrors that of Ramadorai. Both began as software engineers and both started their careers with TCS. There were rumours that former Wipro vice-chairman and ex-TPG partner Vivek Paul may join TCS. Sources, however, dismissed it as speculation.
Apart from TCS, two other Tata companies will also see top-level changes. The CEO of Ratan Tata`s pet company Tata Motors` Ravi Kant will retire in June. Kant joined Tata Motors in 2000 when the carmaker posted its biggest loss in its history over Rs 500 crore. P M Telang, who is in charge of commercial vehicles, is likely to succeed Kant, sources said. Last month Tata Chemicals, known for its popular brand Tata Salt, saw R Mukundan take over from Homi Khusrokhan as MD. Tata Steel will see its long-standing MD B Muthuraman, too, stepping down in some months.
Source:
http://economictimes.indiatimes.com/articleshow/3986302.cms
