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Announcement of Tata Company Submitted by: Waleed Afzal Roll number 020 Submitted to: Miss Sara kanwal Date: 04-feb-2014 Institute of Business & Administration University of Engineering and Technology Lahore, Pakistan

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Internship Report

Announcement of Tata Company

Submitted by:

Waleed Afzal Roll number 020

Submitted to:

Miss Sara kanwal Date:

04-feb-2014

Institute of Business & Administration University of Engineering and TechnologyLahore, PakistanRMBA (Fall 2013)

Leadership announcement from Tata Global Beverages The board of directors of Tata Global Beverages announced at its meeting today, Ajoy Misra, presently the deputy CEO and executive director of Tata Global Beverages (TGBL), be elevated and appointed as the CEO and managing director of TGBL effective April 1, 2014, in place of Harish Bhat, who will step down at close of business on March 31, 2014, and move into a senior advisory position in the Tata group.

The appointment of Mr. Misra as the managing director will be subject to all required statutory approvals and the approval of the members of the company.

Mr. Misra will, with immediate effect, function as 'managing director designate', until he formally takes over as managing director on April 1, 2014. He has over 30 years of rich experience in the Tata group. Prior to joining Tata Global Beverages, he held with distinction several leadership roles in the Taj Group of hotels, including the head of global marketing and sales, area director and general manager of various regions and properties of the Taj. He holds an undergraduate degree in engineering from BITS Pilani; and a masters degree in business from the faculty of management studies, University of Delhi. He has also completed the advanced management program at the Harvard Business School.

The board of directors has also decided that Mr. Bhat will be appointed as a non-executive director on the board of TGBL with effect from April 1, 2014.

Misra, A. (2014, January wednesday). Leadership announcement from Tata Global Beverages. Announcement , 1. http://www.tata.com/company/releasesinside/Leadership-announcement-from-Tata-Global-Beverages