News: Titan MD Bhaskar Bhat to retire by 2019 end

#Csuite

Titan MD Bhaskar Bhat to retire by 2019 end

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.
Titan MD Bhaskar Bhat to retire by 2019 end

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.

Image Credits: MoneyControl.cm

Topics: C-Suite

Did you find this story helpful?

Author

QUICK POLL

Do you think India Inc. has been successful in empowering its women workforce?

On News Stands Now
q_auto,f_auto/v1554872649/mag-april-2019.png

Subscribe now to the All New People Matters in both Print and Digital for 3 years.

How will HR practitioners looking to stay ahead of the curve evolve their performance management strategies in 2019? What performance management trends can we see organizations adopting for a workforce that comprises of a mix of regular employees and gig workers? This issue attempts to decipher the shift and answer questions facing the HR community trying to implement the real-time feedback system.

Subscribe
And Save 59%

Subscribe now