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    Thread: Cyrus Mistry to succeed Ratan Tata

    1. #11

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      Cyrus P. Mistry to be appointed Chairman of Tata Motors wef 28th,Dec

      The Board of Directors of Tata Motors today announced the appointment of Mr. Cyrus P. Mistry as the Chairman of the Board with effect from December 28, 2012, on the retirement of Mr. Ratan N. Tata. The Board conferred on Mr. Tata the honorary title of Chairman Emeritus.

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      Source- Tata Motors : Media : Press Releases
      Last edited by mclaren1885; 13th Dec 2012 at 21:17. Reason: Merged with an existing thread.
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      Tata Sons Chairman Cyrus Mistry talked tough on Monday in his first address to over 25,000 employees of Tata Motors. His comments came on a day when Tata Motors sales were at a historic low. The company, once the No 2 passenger car maker in Idnai, has seen market share slip in passenger cars due to weak brand perception and increasing competition. While the Utility vehicle segment has grown at nearly 50% for the entire industry, Tata Motors has seen 49% slip in sales during 2012-13.

      Here are four points Mistry made in the talk that was also webcast live for Tata Motors employees across the world.

      Improve products with customers in mind

      Cyrus Mistry talked about improving the quality of Tata Motors cars based on experiences of customers. Tata Motors suffers from a perception that its cars are of not good quality and it faces challenges in delivering good customer service.

      Do it good, but do it quick:

      Time is a premium at Tata Motors. Mistry foresees increasing competition from global rivals looking at increasing share in the Indian market. Tata Motors has lost market share in the last one year, first to homegrown rival Mahindra and Mahindra and then to Toyota Kirloskar Motor. The key to growth is sharper technology focus.

      Do it quick, but do as a team:

      Cyrus Mistry wants employees at Tata Motors to work as a team. More collaboration with Jaguar LandRover and Tata Motors for bringing in best practices. Focus on faster rollout of products and be competitive in the market.

      Stick to the target:

      Tata Motors has already spelt its vision to regain the No 2 slot in the Indian auto market. Mistry wants to focus on the target and ensure that the plans are executed well and reach the target.
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      “The auto industry is not a charity that produces widgets for driving enthusiasts.”

    3. #13

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      Is it true that the Tata factory has social benefits for their workers with good working conditions?

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      Quote Originally Posted by Indian View Post
      Is it true that the Tata factory has social benefits for their workers
      What kind of social benefits you are referring to?
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      “The auto industry is not a charity that produces widgets for driving enthusiasts.”

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      I don't think these are just perceptions alone. Let's hope that TML is able to improve not only the quality of the products but also the quality of the service. There is no doubt that the quality of products has improved. At least it has improved in the hatchback and sedan segment.
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      Quote Originally Posted by camchennai View Post
      What kind of social benefits you are referring to?
      I mean like medical leave with full pay and pension when they get old. Some other benefits like 40 hour week and overtime pay.

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      Cyrus Mistry will now be temporarily in charge of TML.

      Source: Financial Times | Error | Akamai Error
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      After death of MD Karl Slym, Cyrus Mistry looks to turn around Tata Motors' Indian operations

      The chairman's address to Tata Motors employees on the first day of April is a 26-year-old tradition. Never before has the setting for it been so hopeful and yet so anxious. Hopeful because five years after the disappointing Nano launch, the company finally has two new cars—Bolt, a premium hatchback, and Zest, a compact sedan—to go to the market with.

      Chairman Cyrus Mistry even went to the extent of calling the upcoming launches of these cars (and some trucks) an "inflexion point" for the Rs 1,89,000 crore ($34.7 billion) company.

      Anxious because Tata Motors has to navigate this inflexion point without a CEO. Seventy five days after former Tata Motors MD Karl Slym's sudden demise, no internal candidate is in contention, nor is an external candidate in sight.

      Chairman Mistry, though, is now playing a hands-on role. He has reorganised the Tata Motors' leadership unit—previously, 12 managers reporting to Slym—into a five-member team reporting to him. The five are engineering and research president Tim Leverton, commercial vehicles ED R Pisharody, passenger vehicles president Ranjit Yadav, director-quality Satish Bor****ar and CFO C Ramakrishnan.

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      Mistry also pulled in Stefan Berger, earlier with Jaguar Land Rover and now Tata Sons, to be part of all meetings with the Tata Motors leadership. Berger, part of the chairman's office and in charge of strategy, is playing an executive role in the committee, even as the search for an MD intensifies, say company officials.

      Mistry has had two review meetings since February.

      "Cyrus is very business driven, has sharper, shorter meetings, and has the appetite to think out of the box," says an executive who is part of the leadership team, on the condition of anonymity. In response to queries on the personnel reorganisation and succession planning, a company spokesperson said: "Certain organisational alignments were made in terms of reporting hierarchy of those previously reporting in to the MD, to seamless continuity of operational processes."

      Reading between the lines, two inferences can be drawn. First, this reorganisation pretty much rules out the possibility of one of these five becoming CEO. Second, this new leadership structures seems to suggest that Mistry seems to be digging in for a wait before a new CEO is found. "We have not yet received any intimation about any candidate being shortlisted," an independent director on the board of Tata Motors told ET, on the condition of anonymity. The search is continuing in full swing.

      Highly-placed sources say Egon Zehnder has been given the mandate to search for Slym's successor. "Tata Motors' experience with two former expat CEOs—Carl-Peter Forster and Slym—did not end well," says the CEO of another Mumbai-based search firm, not wanting to be named. "The company has decided to look at experienced Indians, someone who fits the business and culture of Tata Motors."


      Much of the speculation has centred around two contenders: V Sumantran, the former vice-chairman of Ashok Leyland, and Wilfried Aulbur, the former MD of Mercedes India and current managing partner of Roland Berger Consultancy. Sumantran, 54, resigned from Ashok Leyland last month, triggering speculation that he may be headed towards Tata Motors, though more likely as an advisor than as a CEO candidate. "I do not want to respond to speculation," Sumantran told ET.

      Declining to comment on speculation around specific candidates, the company spokesperson said: "Tata Motors continues to follow the policy of finding the best fit for any given role at that particular point in time with the right balance of internal and external candidates."


      Sumantran is well regarded in Tata Motors, where he worked from November 2001 to August 2005, finishing as executive director of the passenger car business and engineering research centre. He was in contention for the Tata Motors' CEO post, but eventually lost out to Ravi Kant. He left Tata Motors soon thereafter. (Incidentally, Kant retires as non-executive vice-chairman in June, as he turns 65.)



      After death of MD Karl Slym, Cyrus Mistry looks to turn around Tata Motors' Indian operations - The Economic Times

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