Mumbai/New Delhi: Tata Sons director N Chandrasekharni took over as the chairman of Air IndiaThe carrier that it acquired from the government in January.
Hindustan Unilever (HUL) chairman and MD Sanjiv Mehta and former General Insurance Corporation chairperson Alice Vaidyan have been inducted as independent directors on the board of Air India (AI).
With these appointments, the AI board has expanded from four to seven members. Current AI employees Vinod Hejmadi (Director-Finance), Captain RS Sandhu (Director-Operations), Meenakshi Mallick (Director-Commercial) and Amrita Sharan (Director-Personnel) are the other four board members.
The rules require an airline company to obtain government approval before new board members can take over. Three appointments indicate that he has received security clearance. A person familiar with the developments said that the trio assumed the responsibility last week.
Although Tata Sons acquired AI in January, the appointment of a nominee (Chandrasekaran) on the carrier’s board took time as his reappointment as Tata Sons chief took place on February 11. In addition, Chandrasekaran’s board membership on Air India required the approval of the government.
Typically, the chairman of Tata Sons is also the chairman of the boards of companies promoted by it, especially those of important companies. AI is a key element of Tata Sons’ aviation portfolio and transforming the loss-making carrier is one of Chandrasekaran’s goals in his second term as Tata Sons chief.
One of his priorities is to hire a CEO for the career, after Turkish national IIker Ayci declined the top job following controversies about his appointment. In a virtual address to AI employees on February 16, Chandrasekaran said the plan was to modernize the carrier’s fleet and hospitality, fly to many more destinations, improve customer service and make it financially fit and globally most technological. To build an advanced airline.
Chandrasekaran, the head of Air India, is the third chairman of Tata Sons. JRD Tata was the chairman of the carrier until February 1978. his successor Ratan Tata He was president of AI from 1986-87 to the early 1990s.
Hindustan Unilever (HUL) chairman and MD Sanjiv Mehta and former General Insurance Corporation chairperson Alice Vaidyan have been inducted as independent directors on the board of Air India (AI).
With these appointments, the AI board has expanded from four to seven members. Current AI employees Vinod Hejmadi (Director-Finance), Captain RS Sandhu (Director-Operations), Meenakshi Mallick (Director-Commercial) and Amrita Sharan (Director-Personnel) are the other four board members.
The rules require an airline company to obtain government approval before new board members can take over. Three appointments indicate that he has received security clearance. A person familiar with the developments said that the trio assumed the responsibility last week.
Although Tata Sons acquired AI in January, the appointment of a nominee (Chandrasekaran) on the carrier’s board took time as his reappointment as Tata Sons chief took place on February 11. In addition, Chandrasekaran’s board membership on Air India required the approval of the government.
Typically, the chairman of Tata Sons is also the chairman of the boards of companies promoted by it, especially those of important companies. AI is a key element of Tata Sons’ aviation portfolio and transforming the loss-making carrier is one of Chandrasekaran’s goals in his second term as Tata Sons chief.
One of his priorities is to hire a CEO for the career, after Turkish national IIker Ayci declined the top job following controversies about his appointment. In a virtual address to AI employees on February 16, Chandrasekaran said the plan was to modernize the carrier’s fleet and hospitality, fly to many more destinations, improve customer service and make it financially fit and globally most technological. To build an advanced airline.
Chandrasekaran, the head of Air India, is the third chairman of Tata Sons. JRD Tata was the chairman of the carrier until February 1978. his successor Ratan Tata He was president of AI from 1986-87 to the early 1990s.