AirAsia India, on Monday, moved closer to getting off the ground by appointing S. Ramadorai as its Chairman, ending months-long suspense and having in place the entire top management team.
A day after getting Tata Group patriarch Ratan Tata as the chief advisor, AirAsia Group chief executive officer Tony Fernandes announced the name of Tata Consultancy Services (TCS) Vice-Chairman S. Ramadorai as the Chairman of the proposed low-cost airline venture here.
Mr. Ramadorai was also formerly the chief executive of the country’s largest software exporter.
“I would like to confirm Mr. Ramadorai as Chairman of AirAsia India, a giant of Indian industry, and man from the South,” Mr. Fernandes tweeted.
“That completes our team. Advisor, Chairman, CEO and the board. Quite a heavyweight team for super exciting AirAsia India,” Mr. Fernandes posted on micro-blogging site Twitter.
Mr. Ramadorai is the fourth person from the Tatas to hold a position in airline joint venture after Ratan Tata as chief advisor, and R. Venkataraman (former executive assistant to Ratan Tata) and Bharat Vasani (chief legal counsel of the Tata Group), who are directors on the board.
AirAsia India is a joint venture of Air Asia, Tata Sons and Arun Bhatia of Telestra Tradeplace with 49:30:21 holding.
As for the organisational structure, there will be an independent director on the board who would also be the non-executive chairman. — PTI