Tata Motors announced that a Corporate Steering Committee (CSC) would provide oversight of strategy and key aspects of the company’s operations as an interim measure following the sudden demise of the company’s Managing Director, Karl Slym.
The CSC will be chaired by Cyrus P. Mistry and will comprise all the current members of the company’s Executive Committee (Ravindra Pisharody, Satish B. Borwankar, C Ramakrishnan, Dr T. A. Leverton, Ranjit Yadav, Mamillapalle Venkatram, Ankush Arora and Rajesh Bagga). Mistry will also chair New Product Design and Engineering Review meetings.
Mistry said in his statement, “I was deeply saddened by the tragic and untimely demise of Karl Slym, Managing Director of Tata Motors. To ensure leadership continuity, the Board of Tata Motors has constituted a Corporate Steering Committee to oversee strategy execution and key aspects of operations; the Corporate Steering Committee will be chaired by me, and will include the current Executive Committee members. The Board expects to appoint a Managing Director in due course.
As communicated to all Tata Motors employees by me on January 30, during the condolence meeting held in the memory of Karl, we will ensure that the company vigorously pursues and delivers on the strategy which had already been defined and which Karl was executing.”
