Wanted: Powerful leader to run $100 billion global corporation. Has extensive experience in steel software, telecoms & automotive, knowledge of tea & hotels a plus. Must have good internal communication skills.
As India’s biggest business civil war unfolds, the five-man panel allocate the task of finding a successor for ejected ex-chairman Cyrus Mistry may have the toughest job of all
The boomerang chief of India’s biggest compound, Ratan Tata, 78, himself and the other members of the panel four months to find someone to firm the Tata supertanker and focus managers, investors, customers and staff back on infinite businesses the company hews.
The instant search for a new chairman threw up a list of high-profile names in the local media, from Indra Nooyi, who leads PepsiCo Inc., to former Vodafone Group chief Arun Sarin. People familiar with the developments said the current list involves at least two internal candidates who have the experience running its main units — TCS Ltd BSE -0.58 %. Chief Executive Officer N. Chandrasekaran, 53, and Jaguar Land Rover head Ralf Speth, 61. Another potential candidate is Noel Tata, 59, chairman of retail arm Trent Ltd. BSE 2.53 %, who is Ratan’s half-brother & Mistry’s brother-in-law.
You want somebody with massive political skills to move between the group, between the government, between the institutions, between the stakeholders, said Mohan Guruswamy, a previous Indian finance ministry official & chairman at the Centre for Policy Alternatives in New Delhi. “I don’t think you can go outdoors, you need knowledge of the group.”