Ratan Tata himself is in favour of the successor being an insider rather than an outsider
Company officials are of the opinion that there are two strong contestants running the race for succeeding Muthuraman. These are the two Executive Directors (ED) – Dr. T. Mukherjee and H. M. Nerurkar. Dr. Mukherjee has been the force behind the operations of the Jamshedpur plant. Tata Steel sources reveal that Dr. Mukherjee is essentially ‘a person from the shop floor’. Nerurkar, the other person in the race for the top job at Tata Steel, joined the company in 1971 and has held various positions including Chief Metallurgist and Chief Operating Officer (Steel), till he was appointed Chief Operating Officer of Tata Steel in November 2007.
The ultimate decision will be taken at the Bombay House board room in due course, sources said. Even as the succession plan is being carried out in hushed tones, an effective CEO succession strategy needs to take into account the different succession scenarios that a company could face in these difficult times and to ensure a smooth transition.
The ultimate decision will be taken at the Bombay House board room in due course, sources said. Even as the succession plan is being carried out in hushed tones, an effective CEO succession strategy needs to take into account the different succession scenarios that a company could face in these difficult times and to ensure a smooth transition.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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