Bhaskar Bhat, long-term Managing Director of one of the largest jewelry and watch retailers of India is set to retire by the end of this year.
The company has revealed that the board is considering both internal and external candidates as part of the formal search to the successor to Bhaskar Bhat.
According to the reports, at least six more top executives in Titan are also close to attaining superannuation over the next few years. Bhat shared in media, “We’ve already started working on the succession planning. The board has considered internal and external candidates, but which one it is likely to be, we don’t know.”
Apart for Bhat, eyewear CEO Ronnie Talati, Chief Financial Officer S. Subramaniam, Human Resource Head Raj Narayan, and Tanishq’s Retail and Marketing Head Sandeep Kulhalli are expected to retire the next few years.
According to management consultants if Titan was to look internally, then the company may choose one of the larger division heads. Jewelry division head C.K. Venkataraman and watches division head Ravi Kant have an edge.
Bhat has worked across various roles at Titan – from sales and marketing to even human resources. He has immense knowledge about the firm, having been with it since the 1980s when it was called the Tata Watch Project.
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