Tata group's Trent Ltd reappoints Philip Auld as CEO

Apr 10 2014, 19:20 IST
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Earlier, Noel N Tata took over as the chairman of the company following the retirement of F H Kavarana. Reuters Earlier, Noel N Tata took over as the chairman of the company following the retirement of F H Kavarana. Reuters
SummaryTata group firm Trent Ltd said it has reappointed Philip Auld as CEO and manager of the company for a period of 3 years.

Tata group firm Trent Ltd today said it has reappointed Philip Auld as the chief executive officer (CEO) and manager of the company for a period of three years with effect from May 1, 2014.

Auld was appointed as the CEO in April 2011.

"Board of directors of the company has reappointed Philip Auld as the chief executive officer and manager of the company for a further period of three years, with effect from May 1, 2014, subject to necessary approvals," the company said in a BSE filing.

Earlier, Noel N Tata took over as the chairman of the company following the retirement of F H Kavarana.

Tata, who has been the vice-chairman of the company, assumed the new role on March 31, 2014.

Established in 1998, Trent runs lifestyle chain Westside, hypermarket chain Star Bazaar and Landmark, a books and music chain.

As on December 31, 2013, Trent operated 79 Westside stores.

Earlier this year, British retail major Tesco formed a joint venture with the Tata Group firm by buying a 50 per cent stake in Trent Hypermarket Ltd (THL) for about 85 million pounds.

THL operates the Star Bazaar retail business in India.

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