Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of Tata Coffee Limited at their meeting held today, the 24th December 2018, has appointed Mr. Chacko Purackal Thomas (who is currently the Executive Director & Deputy CEO) as ‘Managing Director & CEO designate’ with effect from 24th December 2018.

Mr. Chacko Thomas will assume charge as Managing Director & CEO of Tata Coffee Limited, effective 1st April 2019 after the retirement of Mr. Sanjiv Sarin, the current Managing Director and CEO, whose term of office would expire by 31st March 2019.

Mr. Chacko Purackal Thomas is a Bachelor of Science with specialization in Computer Science from the University of Jodhpur. He has over 26 years of rich experience and expertise in the field of Plantations, Business strategy, Sales and Marketing and overall leadership.

He has been associated with Tata Coffee Limited as the Executive Director & Deputy CEO since 4th August, 2015. Before joining Tata Coffee, he was the Managing Director of Kannan Devan Hills Plantations Company Private Limited, Munnar.

Shares of TATA COFFEE LTD. was last trading in BSE at Rs.95.45 as compared to the previous close of Rs. 94.45. The total number of shares traded during the day was 19718 in over 263 trades.

The stock hit an intraday high of Rs. 95.7 and intraday low of 94.45. The net turnover during the day was Rs. 1877889.

source: http://www.equitybulls.com / Equity Bulls / Home> Stock Report / December 25th, 2018