July 03, 2017

Tata Global Beverages announces changes to the board of directors

The board of directors of Tata Global Beverages today announced the following changes to the board:

N Chandrasekaran appointed as Chairman of the board
Tata Global Beverages has appointed N Chandrasekaran as chairman of its board, with immediate effect. Mr Chandrasekaran is Chairman of the board of Tata Sons, the holding company and promoter of more than 100 Tata operating companies with aggregate annual revenues of more than US$100 billion. He joined the board of Tata Sons in October 2016 and was appointed Chairman in January 2017.

Mr Chandrasekaran also chairs the boards of several group operating companies, including Tata Steel, Tata Motors, Tata Power, Indian Hotels and Tata Consultancy Services (TCS) — of which he was chief executive from 2009-17. In addition to his professional career at Tata, he was also appointed as a director on the board of India’s central bank, the Reserve Bank of India, in 2016. He has also served as the chairperson of the Information and Communication Technology Industry Governors at the World Economic Forum, Davos, in 2015-16. Mr Chandrasekaran is an active member of India’s bilateral business forums including USA, UK, Australia and Japan. He served as the chairman of Nasscom, the apex trade body for IT services firms in India in 2012-13.

Speaking on his appointment, Mr Chandrasekaran said, “Tata Global Beverages has a rich heritage within the Tata group, and is a strong player in the fast moving consumer goods marketplace, with a vibrant portfolio of offerings, which includes iconic brands such as Tetley and Tata Tea. The company has built deep capabilities in this space, and is well poised to address many significant consumer trends and opportunities over the years ahead. I am deeply honoured to be appointed chairman of the board, and look forward to working closely with the leadership team of Tata Global Beverages, to help further strengthen and rapidly grow the business.”

Mr Chandrasekaran replaces Mr Harish Bhat who has stepped down as chairman of the board but will continue as a non-executive director on the board of the company.

Siraj Chaudhry inducted as independent director on the board
Siraj Chaudhry has been appointed as independent director on the board of Tata Global Beverages. He is chairman of Cargill India. His tenure at Cargill spans nearly 23 years, and includes handling the leadership role in India, as well as a global commodity trading role in Geneva.

Under his leadership since 2007, Cargill India has successfully built both consumer FMCG businesses in India, and institutional businesses, backed by world class manufacturing facilities, a robust sales & distribution network, and an enviable brand portfolio.

Mr Chaudhry holds an MBA from the Indian Institute of Foreign Trade (IIFT) and is a graduate of SRCC, University of Delhi. He has been the past chair of the National Committee on Food Processing at FICCI and the National Alliance for Edible Oil Fortification, a joint initiative by CII and GAIN to address malnutrition through food fortification. He is presently president of the Food Industry Skill Council under the NSDC. He chairs the Agriculture and Food committee of USIBC in India and co-chairs the Agriculture and Food committee at American Chambers of Commerce. He has been actively engaged with World Economic Forum on their Agriculture agenda in India. He is a thought leader in the space of Agriculture and Food and is consulted by central and state government for his views in these fields.