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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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