Tata Motors, parent of Jaguar Land Rover, has named PB Balaji as group chief financial officer.
Financial Express said Balaji, whose mandate includes driving financial performance and bringing greater rigour to operations and investment decisions across different entities, will take charge from November. He replaces C Ramakrishnan who retires at the end of his term on 30 September. He became group CFO in July 2015.
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The report said Balaji started his career with Unilever in 1995 and worked in different corporate finance roles in Asia, Switzerland, the UK and India. Since 2014, he was CFO of Hindustan Unilever. Prior to that, he was the chief accountant of the Unilever Group in London.
"Balaji's deep knowledge in all areas across finance and his global experience will be very valuable for the Tata Motors Group. He will be a great addition to the management team," Tata Motors chairman N Chandrasekaran said.
Tata Motors chief executive officer and managing director Guenter Butschek said Balaji would play a very important role in the company's transformation.
The appointment would help in the company's renewed focus on top line, market share growth, major cost reduction initiatives and efficiency improvements to deliver better financial performance and profitability.
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