Friday, January 28, 2022

HUL CEO Sanjiv Mehta likely to be appointed on board of Air India

Sanjiv Mehta chairman of Hindustan Unilever is likely to be nominated as one of the non executive directors of Air India's reconstituted board, it is reliably learnt. Tata Sons chairman N Chandrasekaran may also get on the board after some mandatory government security clearances it is learnt.

Chandrasekaran has already sent an official mail welcoming Air India employees into the Tata group. Air India's current board has seven members including the chairman and managing director. Of the seven members, four are operational members that are directors of finance, HR, commercial and operational.

The two government nominees on the board and the CMD of Air India will resign from the board immediately. Air India, under Tatas, will currently be run by the interim management that will have people from the Tata Group, AirAsia India, Tata Steel and TCS. Top officials close to the development said the government and Tata group were keen to get marquee names on the board. Sanjiv Mehta was unavailable for comment.

Tata Sons too did not comment. The government on Thursday transferred 100% shares in Air India to Tata's wholly owned subsidiary Talace Pvt Ltd along with management control. Reports states that the Aircraft Act empowers the Directorate General of Civil Aviation (DGCA) to allow the Tatas to operate the airlines in an interim period till they decide what form will their aviation vertical look like — one mega airline or the more likely option of a merged AirAsia India-Air India Express as a big low cost carrier (LCC) and Air India and Vistara continuing as separate full service carriers (FSC).

The Tata group is also working on a plan to hire expat management to plan and implement the revival of the airline.

28/01/22 Kala Vijayarabhavan & Mihir Mishra/Economic Times


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