| Muthuraman, Corus' Varin to co-chair joint 'group centre'.
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| The Tata Steel group — comprising Tata Steel and Corus Group, the European steel maker it acquired in January — today took decisive steps towards integration by setting up a new organisation structure that will become effective January 1, 2008.
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| The new organisation structure includes an umbrella management team or “group centre” that consists of senior Corus Group and Tata Steel executives and to be co-chaired by Tata Steel’s Managing Director B Muthuraman and Corus CEO Philippe Varin.
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| The group centre is being set up to ensure a common approach across the key functions — technology, integration, finance, strategy, corporate relations, communications and global minerals.
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| The directors overseeing various functions will report to both Muthuraman and Varin.
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| An integration committee chaired by Ratan Tata was announced at the time of the $12 billion acquisition of Corus Group to identify synergies between the two companies.
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| The group centre announced today will be more focused and deal with specific functions.
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| Therefore, some of the executives, such as those handling communications, technology and integration, will be posted in London.
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| The group has appointed Tridibesh Mukherjee as group director, technology and integration.
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| Mukherjee retired as deputy managing director (steel), Tata Steel, on October 31, 2007, and was appointed a non-executive director on the Tata Steel board on November 22.
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| Sources said Mukherjee would be moving to London.
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| The key post of finance has gone to Tata Steel vice-president, finance, Koushik Chatterjee, who has been appointed group chief financial officer.
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| Jean-Sebatien Jacques, so far director, corporate development and strategy, with Corus, has become group director, strategy.
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| Manzer Hussain is group director, communications, from London while Arun D Baijal takes charge as group director global minerals.
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| Both Tata Steel and Corus will have executive committees chaired by Muthuraman and Varin, respectively.
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| The reorganisation is designed to help realise the group’s ambition of becoming “one of the leading players in the global steel industry,”according to a statement.
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| Tata Steel Chairman Ratan Tata will continue to chair the integration committee.
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| The other members of this committee are Corus & Tata Steel Deputy Chairman Jim Leng, Muthuraman, Varin, Mukherjee, Rauke Henstra, who sits on the Corus board; Chatterjee, Jacques and Hemant Nerurkar.
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| With the acquisition of Corus, the Tata Steel group has a crude steel capacity of 25.6 million tonnes, making it the world’s sixth largest steelmaker. |
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