Ever since Karl Slym’s untimely demise on January 26, 2014, India’s largest automaker Tata Motors has been running without a managing director. While the search for a suitable candidate is on, the company chairman Cyrus Mistry is reportedly not in a hurry to force fit a candidate to the position.
Talking to Livemint, Gajendra Chandel, chief human resource officer, Tata Motors, said that the vacancy will be filled once the chairman likes a candidate and the board approves the move. He also added that the new Tata Motors MD is most likely to be an outside candidate.
As of now, Mr. Mistry is directly involved in leading the Group’s flagship business but under the given conditions, industry experts feel that the automaker is in a dire need of an MD. The dwindling sales and lackluster response for the new products further augment the company’s woes. So, longer the company takes to find a suitable MD, harder it would be for the candidate to settle in and effect a turnaround.
Lack of an MD is not the only human resource problem that Tata Motors faces. Recently, the company has been witnessing resignations from top officials, especially in the sales and marketing department. In order to get itself ready for any such eventualities in the future, the firm is in the process of creating a pipeline of stand-in internal candidates to fill the leadership and critical positions in sales & marketing, production, engineering and R&D departments.
Via – Livemint.com