Titan shortlists potential CEO candidates; CK Venkataraman to step down next year

Ajoy Chawla, CEO of the jewellery business, Suparna Mitra, leading the watches and wearables division, and Saumen Bhaumik, head of the eye-care business are the three candidates identified by Titan’s 13 member board to assume the role of CEO.

By  Storyboard18May 6, 2024 9:32 AM
Titan shortlists potential CEO candidates; CK Venkataraman to step down next year
Current CEO CK Venkataraman has been given a second term by the company extending for 14 months units December 2025. Venkataraman assumed charge on October 1, 2019, and will turn 65 in October next year which is the group’s retirement age. He will overlook the transition process prior to stepping down. (Image sourced via CNBC-TV18)

Titan Company, a Tata Group entity, has begun hunting for a new chief executive amid the impending departure of the company’s third CEO, reported Moneycontrol.

Current head CK Venkataraman has been given a second term by the company extending for 14 months units December 2025. Venkataraman assumed charge on October 1, 2019, and will turn 65 in October next year which is the group’s retirement age. He will overlook the transition process prior to stepping down.

The attention has now turned to the company’s internal talent to fill the vacancy. As per news reports, Ajoy Chawla, CEO of the jewellery business, Suparna Mitra, leading the watches and wearables division, and Saumen Bhaumik, head of the eye-care business are the three candidates identified by Titan’s 13 member board to assume the role of CEO.

The shortlisted candidates will undergo careful evaluations by Titan’s board in the upcoming months to figure out who will lead the company for the foreseeable future.


Tags
First Published on May 6, 2024 9:28 AM

More from Storyboard18

Quantum Brief

ZEEL reports profit of Rs.13.35 crore in Q4FY24

ZEEL reports profit of Rs.13.35 crore in Q4FY24

Quantum Brief

ChatGPT gets access to Reddit content; OpenAI and Reddit announce partnership

ChatGPT gets access to Reddit content; OpenAI and Reddit announce partnership

Quantum Brief

Viacom18 - Star India deal: NCLT admits merger scheme

Viacom18 - Star India deal: NCLT admits merger scheme

Quantum Brief

Apple News+ rolls out new game and offline mode to drive subscriptions

Apple News+ rolls out new game and offline mode to drive subscriptions

Quantum Brief

No business impact on Patanjali Foods due to Patanjali Ayurved misleading ad controversy: Sanjeev Asthana

No business impact on Patanjali Foods due to Patanjali Ayurved misleading ad controversy: Sanjeev Asthana

Quantum Brief

England and Wales Cricket Board partners with RISE Worldwide to elevate digital and virtual inventory sponsorship sales in India

England and Wales Cricket Board partners with RISE Worldwide to elevate digital and virtual inventory sponsorship sales in India

Quantum Brief

NXTDigital’s broadband vertical inks strategic alliance with Delhi-based Triple Play Broadband

NXTDigital’s broadband vertical inks strategic alliance with Delhi-based Triple Play Broadband

Quantum Brief

OpenAI announces new flagship Gen-AI model GPT-4o

OpenAI announces new flagship Gen-AI model GPT-4o