Mumbai: Tata Steel has named T.V. Narendran as managing director-designate, India and South-East Asia, and has inducted him as additional director on the board. Narendran is currently vice-president, safety and flat products.
Narendran will take over the reins of H M Nerurkar, the current managing director, who is retiring on October 31.
Narendran, a mechanical engineer, joined Tata Steel in 1988 after an MBA degree from Indian Institute of Management, Kolkata, and started his career with the international trading division of the company, looking after steel exports to the Middle East.
He then moved on to marketing and sales and was involved in development work for the cold rolling mill, supply-chain management and sales planning for the company.
“If we look in hindsight, Narendran had been groomed for the top job since the time he joined and that's what helped him beat six other vice-presidents in the race to be the next head of the company,” said J J Irani, former managing director of Tata Steel.
Experts say Narendran's appointment is said to be a fruit of the “positive disruptive thinking” that Cyrus Mistry initiated after the appointment of N S Rajan as the head of human resources in April 2013, from EY (the erstwhile Ernst & Young).
