The decision came as part of its continued efforts to restructure and beef up management, as the national carrier carried out a major shake-up among its top-level executives
In a bid to restructure its top hierarchy, Air India (AI) plans to hire some senior executives, including a chief strategy officer (CSO) and a chief operating officer (COO) for its low-cost international arm Air India Express, reports PTI.
The decision came as part of its continued efforts to restructure and beef up the management, as the national carrier carried out a major shake-up among its top-level executives, airline sources said today.
In the exercise which will come into effect from 15th July, a reshuffle of jobs handled by six executive directors was carried out. It would also see shuffling of eight general manager level and three deputy general manager level officers.
Now, National Aviation Company of India Limited (NACIL), which runs Air India, plans to hire a chief strategy officer and a chief operating officer for Air India Express, the sources said.
Air India Express does not have a COO since the exit of Captain P P Singh, who completed a three-year contract with the airline last September.
NACIL also plans to hire a chief information officer to oversee its IT division as well as a chief communication officers to handle its corporate communication division and a chief human resources advisor, the sources said.
The chief strategy officer would be responsible for managing the business transformation office and work closely with CMD Arvind Jadhav and COO Gustav Baldauf to ensure that the turnaround strategy is translated into action, the sources said. He or she would also be responsible for identifying and tracking strategic initiatives, they said.
These decisions come over a month after COO Baldauf was appointed.
The national carrier is in the process of taking major steps to restructure itself by curtailing costs and enhancing revenue and savings.
The move comes ahead of a meeting of the Group of Ministers (GoM) on Air India, headed by finance minister Pranab Mukherjee, next month.
The GoM would deliberate on the measures taken by the ailing national carrier to effect a turnaround after suffering an estimated loss of Rs5,400 crore in 2009-10.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
Fiercely independent and pro-consumer information on personal finance.
1-year online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
Complete access to Moneylife archives since inception ( till the date of your subscription )
