Dr Hans Fischer, CEO Tata Steel Europe, has decided to retire from the position of CEO with effect from July 1, 2019. Hans will continue to serve on the Board of Tata Steel Europe as a non-executive director and will continue to advise Mr TV Narendran, CEO and MD of Tata Steel Limited. The Board today thanked Hans for his leadership of the company.
Dr Henrik Adam, currently Chief Commercial Officer Tata Steel Europe, has been appointed to succeed Hans as the CEO from July 1, 2019. He will also join the Board of Tata Steel Europe and report to Mr Narendran.
Henrik joined Tata Steel Europe in 2011 as Chief Commercial Officer, helping to transform the company into a customer-centric organisation. Before joining Tata Steel, Henrik held a wide range of roles at thyssenkrupp including CEO of thyssenKrupp Electrical Steel. Henrik has also been a Director of EEF (now called Make UK), the UK’s manufacturers’ organisation, and Chairman of WorldAutoSteel, the automotive group of the World Steel Association. Born in Essen, in Germany, Henrik is a mechanical engineer who started his career as a scientist in vehicle safety technologies.
TV Narendran said: “During his tenure as CEO and before that as Chief Technical Officer, Hans has helped set Tata Steel Europe on course to become sustainable in every sense, improving the company’s competitiveness and focus on customers.
“I welcome Henrik’s appointment as the new CEO of Tata Steel Europe who will continue the transformation of the business so it becomes stronger and self-sustaining. Faced with challenging external conditions, our European business will continue to focus on higher-value, higher-specified steel products which make our customers more competitive and successful.”
In a further change announced by the Board of Tata Steel Europe today, Mr N K Misra, Executive Director Finance Tata Steel Europe, will retire from his position on December 31, 2019, though he will continue as an Adviser to the company’s Executive Committee.
The Board is also pleased to appoint Mr Sandip Biswas, Group Executive Vice President Finance Tata Steel Limited, to the Board of Tata Steel Europe. He has also been appointed Executive Director Tata Steel Europe with effect from July 1, 2019, and will be responsible for driving the company’s transformation programme. He will be working closely with Mr N K Misra for a smooth transition and take over as the CFO of Tata Steel Europe from January 1, 2020. He will operate from Port Talbot in the UK and report administratively to Dr Henrik Adam, CEO Tata Steel Europe, and functionally to Mr Koushik Chatterjee, Executive Director and CFO Tata Steel Limited.
Following the above changes, with effect from July 1, 2019, Tata Steel Europe’s Executive Committee will comprise the following:
- Dr Henrik Adam, Chief Executive Officer and Chief Commercial Officer
- Mr N K Misra, Executive Director Finance
- Mr Sandip Biswas, Executive Director and CFO Designate
- Mr Ernst Hoogenes, Chief Technical Officer
- Ms Helen Matheson, Director Legal & Company Secretary
- Mr Tor Farquhar, Executive Director HR & IT
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About Tata Steel’s European operations
Tata Steel is one of Europe's leading steel producers, with steelmaking in the Netherlands and the UK, and manufacturing plants across Europe. The company supplies high-quality steel products to the most demanding markets, including construction and infrastructure, automotive, packaging and engineering. Tata Steel works with customers to develop new steel products which give them a competitive edge. The Tata Steel group is among the top global steel companies with an annual crude steel capacity of 33 million tonnes. It is one of the world's most geographically-diversified steel producers, with operations and a commercial presence across the world. The group’s turnover (excluding its South East Asia operations) in the year ending March 2019 was US $22.67 billion.