REG - Tata Consumer Prod. - Reappointment of Mr.L.Krishnakumar as ED&Group CFO

Tata Consumer ProductsAnnouncement

30/03/2023 07:30

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RNS Number : 7519U  Tata Consumer Products Limited  30 March 2023

March 30, 2023

 

 London stock exchange

 10 Paternoster Square

 London

 EC4M 7LS

 United Kingdom

 

Sub: Re-appointment of Mr. L. Krishnakumar as Executive Director & Group
CFO of the Company

 

Dear Sir/Madam,

 

We would like to inform that the Board of Directors of the Company, at its
Meeting held today i.e. March 29, 2023, has considered and approved the
re-appointment of Mr. L. Krishnakumar as Whole-time Director designated as
Executive Director & Group CFO, for a duration of seven months starting
from April 1, 2023 until October 31, 2023 (i.e. his date of superannuation as
per the policy of the Company). The Board has decided this basis the
recommendation of the Nomination & Remuneration Committee, and such
re-appointment is subject to approval by the Company's shareholders.

 

Mr. L. Krishnakumar's current term as Executive Director & Group CFO will
conclude on March 31, 2023, and he has confirmed that he is eligible to
continue as Director without any disqualification and he is not debarred from
holding the office of Director by virtue of any order passed by the Securities
and Exchange Board of India or any other such authority.

 

Annexure I to this communication provides the necessary disclosures with
respect to the re-appointment of Mr. L Krishnakumar.

 

Kindly take the same on your record and acknowledge.

 

Yours Sincerely,

For: TATA CONSUMER PRODUCTS LIMITED

 

 

Neelabja
Chakrabarty

Company Secretary

 

Annexure I

 

 Sr No  Particulars                                    Details
 1)     Reason for change                              Mr. L. Krishnakumar's current term as an Executive Director & Group CFO
                                                       will end on March 31, 2023, and thus, he has been re-appointed for seven
                                                       months, till date of his superannuation.

 2)     Date of Appointment &                          Subject to approval of the shareholders, Mr. L. Krishnakumar has been

                                              re-appointed as Whole-time Director designated as Executive Director &
        term of appointment                            Group CFO, for a period of seven months, starting from April 1, 2023 and
                                                       ending on October 31, 2023 (i.e., the date of his superannuation).

 3)     Brief profile                                  Mr. L. Krishnakumar began his career with A. F. Ferguson and Co. in India and
                                                       the Middle East as a management consultant. He later joined Larsen and Toubro
                                                       Limited, where he served as General Manager, Finance, gaining extensive
                                                       experience across various functions in industries such as engineering,
                                                       information technology, and shipping.

                                                       In the year 2000, he joined The Indian Hotels Company Limited, a Tata Group
                                                       company, as Vice President - Finance. Four years later, he was appointed as
                                                       the Senior Vice President - Finance of Tata Tea Limited (now Tata Consumer
                                                       Products Limited) in India in 2004. During his tenure at Tata Consumer
                                                       Products, Mr. L. Krishnakumar held several leadership and strategic roles in
                                                       the Company's operations in India and its international business.

                                                       In addition to his current role as Executive Director & Group CFO of the
                                                       Company, he is also a Director on the Board of Infiniti Retail Limited and
                                                       group companies of Tata Consumer Products ("TCP") like NourishCo Beverages
                                                       Limited, Tata Starbucks Private Limited, and several of TCP's overseas
                                                       subsidiaries. Mr. L. Krishnakumar has also been a member of finance forums of
                                                       CII and Bombay Chamber. He holds qualifications in Chartered Accountancy, Cost
                                                       Accountancy, and Company Secretarial.
 4)     Disclosure of relationships between directors  There are no inter-se relations between Mr. L. Krishnakumar and the other
                                                       members of the Board.

 

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