News: Titan MD Bhaskar Bhat to retire by 2019 end

#C-Suite

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

Is technology the answer to new-age talent acquisition challenges?

On News Stands Now
q_auto,f_auto/v1560247231/mag-june-2019.png

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

In the next three years, 120 million jobs in the world’s 10 largest economies will need retraining or re-skilling. To adapt to this new environment and help shape it, employees need to embrace continuous learning. Amid these changes, HR needs to not think, act, or be like traditional HR; they need to understand their job is now “human transformation”. In this issue, we will focus on what HR leaders and organizations need to consider today to prepare for tomorrow.

Subscribe
And Save 59%

Subscribe now