State-run Hindustan Aeronautics' board has been reconstituted with the post of Chairman redesignated as Chairman and Managing Director in tune with its growth plans for the next 20 years.
Chairman T Suvarna Raju is now re-designated as Chairman & Managing Director, the company said in a statement today.
It said the revised structure consists of five whole time directors, including CMD; two government nominee directors and seven independent directors.
"The re-constitution is done considering the growth of the Company in the next two decades. This will also ensure extensive delegation and strengthen our management system," HAL CMD Suvarna Raju said.
S Subrahmanyan who was Managing Director (MiG Complex) is now Director (Operations) and the position of Director Engineering and R&D will be filled-up soon, it said.
It also said the posts of Managing Directors have been discontinued and the Company now has four Chief Executive Officers (below the board level).
