Tata Motors announces the appointment of PB Balaji as the company's new Chief Financial Officer (CFO). Balaji comes with over 20 years of experience in the corporate sector.
The newly appointed CFO for Tata Motors India will take up his new role effective November 2017.
Since 2014, PB Balaji has been heading the finance department of Hindustan Unilever and has also worked in different corporate finance roles across Asian markets, Switzerland, UK, and India.
Guenter Butschek, the Chief Executive Officer and Managing Director of Tata Motors says, "Tata Motors is delighted to welcome Mr Balaji as the new CFO for the Tata Motors Group."
"He will play a very important role in our transformation journey and help us in our renewed focus on the topline, market share growth, major cost reduction initiatives and efficiency improvements to deliver better financial performance and profitability in the future."
Tata Motors is slowly gaining sales in the Indian market after a long dip. Thanks to vehicles such as the Tiago and the upcoming Nexon, Tata Motors seems to be on the road to success. With the newly appointed CFO, the carmaker is trying to speed up the process.