Wednesday, March 09, 2022

Tata group to name Air India CEO in few days after Ilker Ayci says no

Mumbai: The Tata group is likely to announce a new chief executive officer for Air India in the next few days after its first pick, Turkey’s Ilker Ayci, refused the job due to controversy over his relationship with that country’s president.

“The name of the new CEO is being finalised. Since it is an important appointment and as a part of good corporate governance the appointment would be discussed with the board of Tata Sons. There is no decision yet but it will happen in a few days,” said a person familiar with the matter.

Tata Sons, the holding company of the group, did not comment. The group took over Air India from the government on January 27 and working on its revamp. While steps have been initiated to improve in-flight service and punctuality, Tata Sons chairman N Chandrasekaran aims to make Air India the most technologically advanced network carrier.

A five-member committee is overseeing the airline now. Tata group nominees too will be appointed on Air India board shortly and the government has already cleared their appointments. These include Chandrasekaran, HUL chairman Sanjiv Mehta and former chairman of General Insurance Corporation Alice Vaidyan.

The group has appointed Saurabh Agrawal, group Chief Financial Officer, and senior vice president Nipun Aggarwal on boards of Air India Express and AI SATS respectively.

09/03/22 Aneesh Phadnis/Business Standard

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