March 30, 2023
| London stock exchange 10 Paternoster Square London EC4M 7LS United Kingdom | |
Sub: Re-appointment of Mr. L. Krishnakumar as Executive Director & Group CFO of the Company
Dear Sir/Madam,
We would like to inform that the Board of Directors of the Company, at its Meeting held today i.e. March 29, 2023, has considered and approved the re-appointment of Mr. L. Krishnakumar as Whole-time Director designated as Executive Director & Group CFO, for a duration of seven months starting from April 1, 2023 until October 31, 2023 (i.e. his date of superannuation as per the policy of the Company). The Board has decided this basis the recommendation of the Nomination & Remuneration Committee, and such re-appointment is subject to approval by the Company's shareholders.
Mr. L. Krishnakumar's current term as Executive Director & Group CFO will conclude on March 31, 2023, and he has confirmed that he is eligible to continue as Director without any disqualification and he is not debarred from holding the office of Director by virtue of any order passed by the Securities and Exchange Board of India or any other such authority.
Annexure I to this communication provides the necessary disclosures with respect to the re-appointment of Mr. L Krishnakumar.
Kindly take the same on your record and acknowledge.
Yours Sincerely,
For: TATA CONSUMER PRODUCTS LIMITED
Neelabja Chakrabarty
Company Secretary
Annexure I
| Sr No | Particulars | Details |
| 1) | Reason for change | Mr. L. Krishnakumar's current term as an Executive Director & Group CFO will end on March 31, 2023, and thus, he has been re-appointed for seven months, till date of his superannuation.
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| 2) | Date of Appointment & term of appointment | Subject to approval of the shareholders, Mr. L. Krishnakumar has been re-appointed as Whole-time Director designated as Executive Director & Group CFO, for a period of seven months, starting from April 1, 2023 and ending on October 31, 2023 (i.e., the date of his superannuation).
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| 3) | Brief profile | Mr. L. Krishnakumar began his career with A. F. Ferguson and Co. in India and the Middle East as a management consultant. He later joined Larsen and Toubro Limited, where he served as General Manager, Finance, gaining extensive experience across various functions in industries such as engineering, information technology, and shipping.
In the year 2000, he joined The Indian Hotels Company Limited, a Tata Group company, as Vice President - Finance. Four years later, he was appointed as the Senior Vice President - Finance of Tata Tea Limited (now Tata Consumer Products Limited) in India in 2004. During his tenure at Tata Consumer Products, Mr. L. Krishnakumar held several leadership and strategic roles in the Company's operations in India and its international business.
In addition to his current role as Executive Director & Group CFO of the Company, he is also a Director on the Board of Infiniti Retail Limited and group companies of Tata Consumer Products ("TCP") like NourishCo Beverages Limited, Tata Starbucks Private Limited, and several of TCP's overseas subsidiaries. Mr. L. Krishnakumar has also been a member of finance forums of CII and Bombay Chamber. He holds qualifications in Chartered Accountancy, Cost Accountancy, and Company Secretarial. |
| 4) | Disclosure of relationships between directors | There are no inter-se relations between Mr. L. Krishnakumar and the other members of the Board. |
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