Tata Motors selects Rajesh Kannan as President and CDIO
Tata Motors announced the selection of Rajesh Kannan as President and Chief Digital and Information Officer. The appointment will be effective from 1 August 2023, the company said in a stock regulatory filing on 25 July. “We hereby inform you that the Board of Directors, at its meeting held on July 25, 2023, has appointed Mr. Rajesh Kannan as President & Chief Digital and Information Officer (‘CDIO’), Senior Management Personnel of Tata Motors Limited (‘the Company’) w.e.f August 1, 2023," Tata Motors said.
Kannan has twenty-eight years of experience delivering transformative, end-to-end digital and IT engagements for global organizations across multiple sectors and industries, including retail, consumer products, media and advertising, banking, insurance and financial services, the firm said. Kannan has completed his B.Tech in Chemical Engineering from Anna University, Chennai and his Masters in Computer Aided Design in Chemical Engineering from the Indian Institute of Technology, Mumbai. Prior to joining Tata Motors Limited, he was working with Tata Consultancy Services Limited.
Meanwhile, the auto major's revenue from operations surged 42 percent to Rs 102,236.08 crore in the June quarter - surpassing the Rs 1 lakh crore mark in line with Street estimates. Also, its consolidated operating profit, calculated as EBITDA, surged more than fivefold on year to Rs 13,218 crore. The operating margin expanded by 700 basis points (bps) year-on-year to 14.4 percent in the June quarter. Tata Motors' share price traded in the green on Tuesday, with its share price surging to Rs 639.45, up 10.20 or 1.62 percent.
