He is the finance whiz kid at Tata Steel, and considering the troubles that the company is facing in that area, Chatterjee seems the obvious choice
Finance is the bone of contention for any company at the moment, more so for a company like Tata Steel, which catapulted itself to the rank of the world’s fifth largest steel maker with the historic $12.1 billion Tata-Corus deal. But the new entity has off-late run into a lot of financial problems in the wake of the unprecedented downturn in the steel sector. Add to that the payback of $6 billion loan taken for the deal, which has increased the financial risk profile of the company. Thus, with Muthuraman ready to hang his boots, the need of the hour is arguably a man, who should have it in him to efficiently manage the financial profile of the steel giant. Koushik Chatterjee, the Group Chief Financial Officer (CFO), bestowed with the overall responsibilities for group financial reporting, Investor Relations, financing strategy inclusive of debt and equity raising, corporate M&A, risk management & compliance, taxation strategy & planning and co-ordination of statutory and management reporting might just prove to be the right candidate for the job. Chatterjee has been the calculating brain behind the acquisition of the Anglo-Dutch steel-maker.
Chatterjee has been associated with Tata Steel since 1995. “The succession planning at this level is the prerogative of the Board of Directors. We are sure that the Board will make the necessary announcements at the appropriate time,” states B. Muthuraman, CEO, Tata Steel to B&E. Being a core member of the company’s Board of Directors, Chatterjee with his financial expertise can definitely prove to be a safe bet to hand over the baton. He has also gained significant overseas exposure by working with Tata Steel UK, NatSteel Asia Private Limited, Tata Steel (Thailand) Public Company Limited, Southern Steel Berhad, Malaysia et al.
Finance is the bone of contention for any company at the moment, more so for a company like Tata Steel, which catapulted itself to the rank of the world’s fifth largest steel maker with the historic $12.1 billion Tata-Corus deal. But the new entity has off-late run into a lot of financial problems in the wake of the unprecedented downturn in the steel sector. Add to that the payback of $6 billion loan taken for the deal, which has increased the financial risk profile of the company. Thus, with Muthuraman ready to hang his boots, the need of the hour is arguably a man, who should have it in him to efficiently manage the financial profile of the steel giant. Koushik Chatterjee, the Group Chief Financial Officer (CFO), bestowed with the overall responsibilities for group financial reporting, Investor Relations, financing strategy inclusive of debt and equity raising, corporate M&A, risk management & compliance, taxation strategy & planning and co-ordination of statutory and management reporting might just prove to be the right candidate for the job. Chatterjee has been the calculating brain behind the acquisition of the Anglo-Dutch steel-maker.
Chatterjee has been associated with Tata Steel since 1995. “The succession planning at this level is the prerogative of the Board of Directors. We are sure that the Board will make the necessary announcements at the appropriate time,” states B. Muthuraman, CEO, Tata Steel to B&E. Being a core member of the company’s Board of Directors, Chatterjee with his financial expertise can definitely prove to be a safe bet to hand over the baton. He has also gained significant overseas exposure by working with Tata Steel UK, NatSteel Asia Private Limited, Tata Steel (Thailand) Public Company Limited, Southern Steel Berhad, Malaysia et al.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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