Tata Motors appoints Rajesh Kannan as President and CDIO
Tata Motors have announced the appointment of Rajesh Kannan as President and Chief Digital and Information Officer. The appointment will be effective from 1 August, 2023, the firm said in a stock regulatory filing on 25 July.
“We hereby inform you that the Board of Directors at its meeting held today, i.e., on July 25, 2023, has appointed Mr. Rajesh Kannan as President & Chief Digital and Information Officer (‘CDIO’), Senior Management Personnel of Tata Motors Limited (‘the Company’) w.e.f August 1, 2023," Tata Motors said. Kannan has twenty-eight years of experience delivering transformative, end-to-end digital and IT engagements for global organisations across multiple sectors and industries including retail, consumer products, media and advertising, banking, insurance and financial services, the firm said.
ALSO READ: Tata Motors Q1 results LIVE Kannan has completed his a B.Tech in Chemical Engineering from Anna University, Chennai and is Masters in Computer Aided Design in Chemical Engineering from the Indian Institute of Technology, Mumbai. Prior to joining Tata Motors Limited, he was working with Tata Consultancy Services Limited. Meanwhile, the auto major's revenue from operations surged 42 per cent to ₹102,236.08 crore in the June quarter - surpassing the ₹1 lakh crore-mark in line with Street estimates.
Also, it's consolidated operating profit, calculated as EBITDA, surged more than five fold on year to ₹13,218 crore. The operating margin expanded by 700 basis points (bps) year-on year to 14.4 per cent in the June quarter.
Tata Motors share price trading in green on Tuesday, with its share price surged to ₹639.45, up 10.20 or 1.62 percent.
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