Mumbai, India - June 25, 2012, Mumbai, India - Tata Global Beverages announced that Harish Bhat has been appointed CEO and managing director.
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The company also announced that Harish Bhat has been appointed CEO and Managing Director of Tata Global Beverages Limited, effective July 1, 2012. Mr. Bhat joined the Tata Group as TAS probationer in 1987 and has completed 25 years. He was previously with Tata Tea Limited from 1988 to 2000 holding various positions. Most recently he was with Titan Industries Limited as Chief Operating Officer – Watches & Accessories Division.
Mr. Bhat was awarded the British Chevening Scholarship for Young Managers by Govt. of United Kingdom in 1997. He holds a Post Graduate Diploma in Management (PGDM) from the Indian Institute of Management, Ahmedabad, winning the IIMA Gold Medal for Scholastic Excellence and also holds a B.E. (Hons.) degree in Electrical and Electronics from Birla Institute of Technology and Science, Pilani, where he graduated first class with distinction.
The company also announced that Cyrus P. Mistry has been appointed to the board of directors. Mr. Mistry is the Deputy Chairman of Tata Sons since 2006, and he was appointed as Deputy Chairman in November 2011. Mr. Mistry joined the board of Shapoorji Pallonji & Co as director in 1991 and was appointed managing director of the Shapoorji Pallonji Group in 1994.
Mr. Mistry was responsible for building the infrastructure development in the Shapoorji Pallonji Group. Mr. Mistry is also a director of Tata Industries, Tata Power, Tata Teleservices, Tata Consultancy Services, Tata Steel, Tata Motors and Tata Chemicals. Mr. Mistry is a graduate of civil engineering from Imperial College London (1990) and has an MSc in management from London Business School (1997).
The company also announced Darius Pandole has joined the Board of Tata Global Beverages Limited as an Independent Director. Mr. Pandole is a Partner at New Silk Route Advisors Pvt. Ltd, a private equity firm focused on investing in India and other Asian economies. He worked with Kraft General Foods in the US and returned to India in 1993 and managed the operations of his family owned soft drinks business, Duke and Sons Limited.
Mr. Pandole served as Managing Director of IndAsia Fund Advisors, the Indian advisor to the AMP-IndAsia India Fund. He joined IDFC PE Ltd. in February 2003, and was the Executive Director, and later Chief Operating Officer. Mr. Pandole is currently an elected member of the Executive Committee of the Indian Private Equity and Venture Capital Association. Mr. Pandole holds a BA (Economics) degree from Harvard (1988) and an MBA from the University of Chicago (1992). ■