Titan announced that R Rajnarayan will retire as CHRO on June 30. He will be replaced by Swadesh Behera effective July.
Prior to this, Behera was the Senior Director – HR at Boston Scientific. His previous stints include Ranbaxy, Coca Cola and MSD Pharmaceuticals. Behera holds an MA degree in Human Resources Management from TISS and an MA in Sociology from University of Hyderabad.
Also, Titan’s CFO S Subramaniam will retire from the company effective June 30. Former L&T Infotech CFO Ashok Kumar Sonthalia will succeed Subramaniam effective July 1.
Sonthalia joined the lifestyle brand on February 1 and will be the CFO designate until his appointment becomes effective from July 1. Sonthalia is a chartered accountant with around 30 years of experience. His previous stints include leadership positions in Greaves Cotton, Tata, Tata Chemicals and a long-standing association with Tata Steel in various positions.
Commenting on the development, C K Venkataraman, MD of Titan, said, “Over the last decade, Subbu has been a solid member of the top team at Titan. As CFO, he has enabled the extraction of greater value from the businesses, managed the balance sheet exceptionally well, dealt with multiple regulatory shocks with aplomb, established very strong internal control processes through the introduction of the operations control group, made investor relations a benchmark practice and created a truly A-team in the finance department.”
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