Recent Articles from Industry Guru
A statement said apart from these appointments, it plans to announce the next management level for the joint venture early next calendar year.
"The management board and the future top leadership will be responsible for the planning and execution of the post-merger integration and the long-term strategy after the planned joint venture has received the necessary regulatory approvals and after closing," the statement added.
T.V. Narendran, CEO and managing director of Tata Steel, said the designated management had a strong combination of industry and leadership experience to ensure a successful future for the proposed joint venture.
(Source: Telegraph; edited)
India’s Tata Steel and Thyssenkrupp of Germany on Monday named the top management of their planned European steel joint venture.
Both the companies had in June signed definitive agreements to combine their European steel businesses in a 50-50 JV. The proposed new company, to be named Thyssenkrupp Tata Steel BV, based in Amsterdam will be positioned as a leading pan-European high quality flat steel producer.The joint venture is subject to clearance from several jurisdictions, including the European Union.
Andreas Goss, currently the chief executive officer of Thyssenkrupp's steel division, will be the chief executive officer of the planned JV and chair NEW ENTITY Name: Thyssenkrupp Tata Steel BV CEO: Andreas Goss (from Thyssen) Deputy CEO &CTO: Hans Fischer (Tata) CFO: Sandip Biswas (Tata) Chief strategy officer: Premal Desai (Thyssen) the management board of Thyssenkrupp Tata Steel BV.
Hans Fischer, now the CEO of Tata Steel Europe, will be the deputy CEO and chief technology officer of the joint venture. Sandip Biswas, currently the group executive vice-president (finance) of Tata Steel, is the designated chief financial officer. Premal Desai, currently the chief financial officer of Thyssenkrupp Steel Europe, will be the chief strategy officer of the joint venture.