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Ailing Tata Motors Names New CFO
India’s Tata Motors Ltd. has named a new chief financial officer one week after reporting sagging quarterly operating results caused by growing investment costs and declining revenue from its Indian operations.
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India’s Tata Motors Ltd. has named a new chief financial officer one week after reporting sagging quarterly operating results caused by growing investment costs and declining revenue from its Indian operations.
P. B. Balaji will take over as Tata Motors’ CFO in November, replacing C. Ramakrishnan, who held the post for two years. Ramakrishnan will retire from the company at the end of next month.
Balaji currently is CFO of Hindustan Unilever. Tata says his new assignment will be to drive financial performance and bring “greater rigor to operations and investment decisions.”
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