Philippe Varin steps down as director on Tata Steel board
Mumbai, May 29, 2009 (Asia Pulse Data Source via COMTEX) --
Company: Tata Steel Ltd
(TATLY)
Tata Steel today said its non-executive independent director Philippe Varin has resigned from the board of the company.
"Consequent to the appointment of Varin as the chairman of the board of French car maker Peugeot Citroen with effect from June 1, 2009, he has stepped down from the board of the company," Tata Steel said in a statement to the Bombay Stock Exchange.
Varin was also Chief Executive of Indian conglomerate Tatas-owned Corus -- the world's sixth largest steel maker.
The 56-year-old Varin was at the helm of affairs when Corus was acquired by Tata Steel for over 12 billion dollars in 2007.
Copyright (C) 2009 Asia Pulse Data Source. All rights reserved
News Provided by COMTEX
Company: Tata Steel Ltd
(TATLY)
Related terms: executive, steel
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