Tata Chemicals announces new SBU structure
July 31, 2003

Tata Chemicals today announced the restructuring of its organisation into three strategic business units (SBUs): chemicals, fertilisers and food additives. Each SBU will be headed by a chief operating officer who will be responsible for the revenues and profitability of the particular business.

The three COOs appointed to head the newly constituted SBUs are: Kapil Mehan (for the fertilisers business), R Mukundan (chemicals), and Satish Sohoni (food additives). The new structure will come into effect from August 1, 2003.

The company expects to reap the following benefits from the formation of the SBUs:

	Clear accountability on the financial performance of each business.
	Greater alignment of business teams to servicing the market.
	Better analysis of business performance.
	Focus on business growth and strategy.
	Leadership development.

Commenting on the restructuring, Prasad Menon, managing director, Tata Chemicals, said, "While we are seeing improved performance across our company, we must continue to strengthen our businesses. This restructuring will enable us to achieve the additional improvements needed to become more customer-centric and build a truly competitive global business."

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