Tata Steel Limited announced it has appointed Noel Naval Tata as Additional Director and Vice Chairman on the Board of the company, effective March 28, 2022. Vijay Kumar Sharma has also been appointed to the Board as Additional Director, effective March 28, 2022.
According to the company’s exchange filing, “the Board of Directors (“Board”) at its meeting held today, considered and unanimously approved the appointment of Mr. Noel Naval Tata (DIN:00024713) as an Additional Director (Non-Executive, Non-Independent) effective March 28, 2022. Further, the Board designated Mr. Noel Naval Tata as the Vice-Chairman of the Board of Directors.”
Noel Naval Tata serves as a Trustee on the Board of Sir Ratan Tata Trust and Sir Dorabji Tata Trust. Noel Naval Tata is also currently the Chairman of Tata International Limited, Voltas Limited, Tata Investment Corporation Limited and is the Vice Chairman of Titan Company Limited.
Noel Naval Tata is also on the Board of Kansai Nerolac Paints Limited and Smiths Plc. Before joining Tata International, he worked with Trent Limited, serving as its Managing Director for more than 11 years. Having led Trent, Noel Naval Tata was appointed the Vice Chairman of Trent Limited in 2012 and later as Chairman in 2014. Noel Naval Tata continues to serve as the Chairman of Trent, where he has overseen the growth of Trent across formats – from a one store operation in 1998 to over 330 stores across formats in 2020.
Noel Naval Tata graduated from Sussex University (UK) and has completed the International Executive Programme (IEP) from INSEAD.
Sharma is the former Chairman of Life Insurance Corporation of India (‘LIC’), a position he held till December 31, 2018. Prior to him taking over as Chairman of LIC on December 16, 2016, he served as Chairman (In-charge) from September 16, 2016 and Managing Director, LIC from November 1, 2013. From December 2010 to November 2013, he served as Managing Director & Chief Executive Officer, LIC Housing Finance Limited, a premier housing finance company in the country.
Sharma holds a post-graduate degree (M.Sc.) in Botany from University of Patna.
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