On Monday, Tata Motors announced that P. Balaji would assume the post of Chief Financial Officer, Tata Motors, from November 2017. He will replace C.Ramakrishnan, the current CO, who retires by 30th September 2017, after having worked a several extensions.
The company believes that Balaji will help drive financial performance and bring greater rigor to operations and investment decisions across its different entities.
“Balaji will play a very important role in the transformation journey of the company and help Tata Motors in its renewed focus on topline, market share growth, major cost reduction initiatives and efficiency improvements to deliver better financial performance and profitability in the future.” said Guenter Butschek, Chief Executive Officer & Managing Director, Tata Motors.
On his new role in Tata Motors, Balaji said, “The Tata Group represents the leading edge of Indian business and I am delighted to have the opportunity to work with the Tata Motors’ leadership team. I look forward to being part of the transformation journey and an exciting career ahead.”
Salami graduated from the Indian Institute of Technology, Chennai and completed his post-graduate management degree from Indian Institute of Management, Kolkata.
He started his career with Uniliver in 1995 and has handled many corporate finance offices in the Asian markets, Switzerland, India and UK. Balaji has experience of over two decades in global corporate finance stream. From 2014, he handled the CEO office at HUL. Before that he was the Chief Accountant at the Uniliver Group in London.