Hindustan Motors rejigs top brass

May 13, 2014 12:26 am | Updated December 04, 2021 11:03 pm IST - KOLKATA:

Beleaguered automobile company Hindustan Motors (HM) has recast its management and said that it would hire, as part of its restructuring efforts, an external consultant to get a perspective of the challenges and possible solutions for the Uttarpara plant.

The company has already accepted the resignation of three of its key executives — Managing Director Uttam Bose, director Kranti Sinha and Chief Financial Officer Yogesh Goenka.

In a filing on the stock exchanges, it said that Mr. Bose had been made the additional director of the company while Moloy Chowdhury had been appointed the company’s manager (within the meaning of Section 2(53) of the Companies Act , 2013) and designated as the Chief Executive Officer for two years.

Tarun Kabra has been made the Company Secretary and Chief Compliance Officer, while Aniruddha Sarkar has been designated as CFO and Head Legal.

It may be mentioned that Mr. Chowdhury was with HM a few years back with charge of the Uttarpara plant.

“He has been associated with the company for over five years and has a strong understanding of the organisation, its people and its challenges,” the company said in its filing. HML recently demerged its Chennai unit, hiving it off to its wholly-owned subsidiary Hindustan Motors Finance Corporation Ltd.

In December 2013, Chairman C. K. Birla had relinquished his directorship, while stepping down as the Chairman of HML.

The move was aimed at paving the way for entry of strategic investors.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.