Tata names Kirby Adams Corus CEO, Nerukar is ED

Global steel giant Tata Steel today named Kirby Adams as the CEO of its European subsidiary Corus and approved the appointment of H M Nerukar as the executive director on the company's board.

While Adams is the former chief executive of BlueScope Steel, Australia, Nerukar is at present the Chief Operating Officer of Tata Steel. The appointment of the two executives would be effective from April 9.

The board of directors of Tata Steel, which met to adopt the company's consolidated third quarter results, approved the appointment of Nerukar as executive director, India and South- East Asia, and Adams as additional director who would take charge as the CEO of Corus on March 2, the company said in a statement.

Philippe Varin, the present CEO of Corus and Tata Steel Europe would step down on April 6.

"(Both) Kirby Adams and H M Nerukar will report to B Muthuraman, managing director of Tata Steel, who will, in addition, be responsible for the group corporate function," the statement said.

As executive director, Nerukar will be responsible for the company's Indian and South Asian operations while Adams will oversee the operations of Tata Steel in Europe and will be in-charge for the global raw material pursuits of the company, primarily for European business.