Maruti Suzuki strips three COOs of executive powers
India’s largest car maker by market share, Maruti Suzuki India Ltd, has stripped three chief operating officers (COOs) of their executive powers, according to three people familiar with the matter. Two of the executives were in charge during the labour strike that led to an outbreak of violence at its Manesar plant in 2012. An order to this effect was issued on Wednesday, said the people, none of whom wished to be identified. The three executives stripped of their powers are S.Y. Siddiqui, the COO in charge of human resources, legal affairs, finance, administration, and information technology; COO (production) M.M. Singh, and COO (supply chain) S. Maitra. In their new roles, the three officials will be “chief mentors”.
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