Some of the senior executives at Tata Group have exited the firm in these tough times. Pratap Bose, design head, Tata Motors, surprised many by putting in his papers after a long and successful stint of 14 years. This has come at a time when the firm is on the lookout for a new CEO to succeed Guenter Butshek, who is currently on an extension till June end.
Bose, a very familiar face at the Tata Group, has created some award-winning designs for Tata Motors. Martin Uhlarik, who was head of design at Tata Motors for its European Technical Centre, has taken over from Bose. It is speculated that Bose may join a competitor brand of Tata Motors.
Another senior executive on the way out is Richa Sharma, who was leading the packaged food business for Tata Consumer Products. She joined Tata Chemicals in 2014, which later acquired the food portfolio from Tata Consumers.
Apart from this, V Ramakrishnan, S Subramaniam and Muralidharan HV, the chief financial officers of TCS, Titan and Tata Elsxi, respectively, are superannuating. Also, recently, Renu Basu has retired as the VP – sales and marketing, from Indian Hotels Company (Taj) after a two-decade stint.
According to the HR policies at the Tata Group, senior executives superannuate at the age of 60, executive directors at 65 and non-executive members at 70.