Tata Motors has announced that as an interim measure, following the sudden death of managing director, Karl Slym, a corporate steering committee (CSC) will oversee strategy and key aspects of the company’s operations.
Cyrus Mistry will chair the CSC, which comprises all the current members of the company’s executive committee and will also chair new product design and engineering review meetings.
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Mistry said: “The board expects to appoint a managing director in due course.
“We will ensure that the company vigorously pursues and delivers on the strategy which had already been defined and which Karl was executing.”
