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Chandrasekaran, P.B. Balaji to join Iveco board as Tata deal reaches final stage

Chandrasekaran, P.B. Balaji to join Iveco board as Tata deal reaches final stage

·Excerpt
Chandrasekaran, P.B. Balaji to join Iveco board as Tata deal reaches final stage
Image: For Tata Motors, the deal would expand its presence in Europe and other international markets and add Iveco’s established product portfolio and manufacturing footprint.

New Delhi: Tata Sons' chairperson Natarajan Chandrasekaran, Jaguar Land Rover's chief executive P.B. Balaji, and Tata Motors' managing director Girish Wagh are among the top executives set to join Iveco’s board if Tata Motors’ acquisition of the Italian truckmaker clears its final hurdles.The deal was approved by Iveco shareholders at an extraordinary general meeting (EGM) on Friday, with attention now turning to Tata securing 80% acceptance of the tender offer by 26 October.The appointments are conditional on the deal going…

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