Air India finalising appointments to 3 key positions

Mumbai: Cash-strapped Air India is in the process of finalising appointments to three key managerial positions which would put an extra annual burden of about Rs 3.5 crore annually, sources said. The appointments are for the posts of the Chief Executive Officer of Air India Express, Chief Training Officer (CTO) and Chief Information Officer (CIO) for Air India.
The sources said the CEO of the airline's low-cost arm and the CTO would be paid eight times the salary of the CMD and 10 times that of the functional directors as they are being hired on a package of Rs 1.9 crore and Rs 1.20 crore. The CIO is understood to have been offered a package of Rs 45 lakh annually.
With a meeting of the Air India Board slated on September 28, the management is expected to seek approval on the appointments of Capt Pawan Arora as Air India Express CEO, Stefan Sukumar and Kamaljit Rattan as Chief Training Officer and Chief Information Officer respectively, the sources said.
However, the proposed appointment of former IBM Executive Karan Khara as Air India's Chief Strategy Officer has been put on hold following reservations expressed by an independent director and a senior civil aviation ministry official, they said. Khara is already part of the airline's strategy team.
21/09/10 Press Trust Of India/Hindustan Times

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Categories: NACIL Sep 2010