November 06, 2024 01:09 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Union Minister HD Kumaraswamy booked for threatening cop probing into mining case | Supreme Court upholds validity of Uttar Pradesh Madrasa Education Act | Not all private properties are community resources that govt can take over: Supreme Court | Pakistan's Lahore has become world's most polluted city with an AQI of 1900 on Sunday | Indian Army 'successfully completes' patrolling to a key point in Ladakh's Depsang region
Expat CEO to lead Air India; board to be reconstituted: Report
Air India
Image Credit: UNI

Expat CEO to lead Air India; board to be reconstituted: Report

| @indiablooms | 04 Dec 2021, 08:36 pm

Mumbai/IBNS: Tata Sons has chosen a non-Indian CEO to head Air India and also shortlisted members for reconstituting the board of the acquired national career before it finally takes over in January 2022, media reports said.

It will be largely left to the new Air India CEO to finalise the management team for the career, Economic Times reported citing officials aware of the matter.

According to the report, the new board will have officials from the Tata Sons M&A team, group aviation experts, and a retired government official as an independent director.

Seven board members have been asked to resign. These include four functional directors, two government nominee directors, chairman, and managing director.

"The board of directors has to resign.. (before the transfer of control) takes place after the (last) board meeting of Air India," the report quoted an airline official who requested anonymity.

According to the report, Tata Sons chairman N Chandrasekaran likely to be the new chairman and the rest of the board is likely to comprise group stalwarts such as Bhaskar Bhat, Air Asia CEO including officials close to the government.

Traditionally the chairman of Tata Sons is the chairman of all major operating companies in the group and it is likely to be so for Talace, too, which houses Air India, the report said.

Formal announcements in this connection with this will be made in January 2022 the officials told Economic Times.

Talace Ltd which houses Air India and Air Asia is working on a financial plan for working capital requirements.

A branding plan for Air India is also being prepared by the group's integration team comprising key officials from Tata companies such as Air Asia India, TCS and Tata Steel.

The integration team will make a presentation to the Tata Sons board officials.

Tata Steel officials have been roped in for their understanding in handling employee unions, officials told ET.

The group will also rename Talas Ltd. that bid for Air India to house its single airline structure, officials added.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.