Tata Steel Europe sees top-level resignations
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Synopsis
Tata Steel Europe’s executive committee has shrunk following the recent resignations of chief commercial officer Karl Haider and executive director of human resources Tor Farquhar as the search continues for a buyer.
Agencies
Tata Steel Europe’s executive committee has shrunk following the recent resignations of chief commercial officer Karl Haider and executive director of human resources Tor Farquhar as the search continues for a buyer. Chief executive officer Henrik Adam and chief financial officer Sandip Biswas have been given additional charge of these roles. Chief technical officer Ernst Hoogenes, who is retiring, may not be replaced, officials said.
Focus Is On Improving Cash Flows Of European Operations, Says Tata Steel moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Synopsis
A meeting planned between UK Prime Minister Boris Johnson, Tata Sons chairman emeritus Ratan Tata and chairman N Chandrasekaran this month was dropped after Johnson cancelled his visit to India for the Republic Day celebrations.
Reuters
Tata Steel is separating its Netherlands business from the UK entity and is in discussions with Swedish company SSAB for a potential acquisition of Tata Steel Europe’s Ijmuiden mill and related downstream assets.
Mumbai: Following Britain’s exit from the European Union, talks between the UK government and
Tata Steel on finding a solution for the company’s bleeding UK unit have yielded no progress, top officials familiar with the development said.