Alcoa Appoints Ratan Tata, Chairman of Tata Sons Ltd. of India, To Board of Directors.NEW YORK -- Alcoa (NYSE NYSE See: New York Stock Exchange :AA) announced today Ratan N. Tata, Chairman of Tata Sons Ltd., has been appointed a director of the company to fill a vacancy on the board. Tata Sons is the holding company of the Tata Group, India's largest private sector conglomerate. There are now 11 directors on Alcoa's board. In making the announcement, Alcoa Chairman and CEO Alain Belda said, "Ratan's global business acumen and his depth of knowledge about quality and customer satisfaction will make him a valuable addition to our Board of Directors." Ratan Tata, who joined the Tata Group in 1962, became chairman of the holding company, Tata Sons Ltd. in 1991. Under his leadership, the Tata Group has grown globally primarily through acquisitions. Most recently, Tata Steel bought Corus of the U.K., making Tata Steel the world's fifth largest steelmaker. The Tata Group has 96 companies in seven business sectors: information systems and communications; engineering; materials; services; energy; consumer products; and chemicals. Its major Group companies include Tata Motors, Tata Steel, Tata Consultancy Services Tata Consultancy Services Limited (TCS Limited company) is one of the world’s largest providers of information technology, consulting, services and business-process outsourcing which commenced operations in 1968. As of 2007, it is Asia's largest And India's No. , Tata Power, Tata Tea, Tata Chemicals, Indian Hotels, Tata Teleservices, VSNL and Tata AutoComp. The Group had 2006 revenues totaling $21.9 billion and has operations in more than 54 countries across six continents. Mr. Tata is involved with organizations worldwide in varying capacities. In addition to serving on Alcoa's board, he is a director of Fiat S.p.A. He serves on the international advisory boards of Mitsubishi Corporation, the American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. and JP Morgan Chase. He is a member of the Asia-Pacific Advisory Committee to the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and chairs the advisory board of RAND's Center for Asia Pacific Policy. Mr. Tata is on the board of trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. of the RAND Corporation, Cornell University and the University of Southern California The U.S. News & World Report ranked USC 27th among all universities in the United States in its 2008 ranking of "America's Best Colleges", also designating it as one of the "most selective universities" for admitting 8,634 of the almost 34,000 who applied for freshman admission . He is a member of the Global Business Council on HIV/AIDS and the program board of the Bill & Melinda Gates Foundation's India AIDS initiative. In India, Mr. Tata is chairman of the Government of India's Investment Commission, and a member of several business, industry and trade organizations. Mr. Tata, 69, holds a bachelor's degree in architecture from Cornell University and completed the Advanced Management Program at Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. in 1975. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion