Tata Coffee Limited announced at their meeting that Sanjiv Sarin will be appointed as ‘CEO designate' of Tata Coffee Limited with effect from 8th January 2015.
Mr. Sanjiv Sarin will assume charge as CEO and MD of Tata Coffee Limited upon the retirement of Mr. Hameed Huq, the current CEO and MD.
Sanjiv has held the position of Regional President- South Asia of Tata Global Beverages for the past 4 years. During his tenure, he has significantly strengthened Tata Global Beverages' position in the India branded tea market. Sanjiv has over 38 years of experience in a variety of significant roles. Prior to his stint at Tata Global Beverages, he held the position of Executive Director-Business Development at Tata Coffee Limited. He has global experience with leading international organizations, including sixteen years at Cadbury Schweppes in the Philippines, Egypt, India and the U.K, his last assignment being Country Director - Cadbury Philippines.
Hameed Huq, who retires on 31st March 2015 , has been with Tata Coffee for over 15 years and held the position of Managing Director since 2010. Hameed joined Tata Coffee in the year 1999 as Vice President (Plantations) and became Executive Director (Plantations) in 2005. Prior to joining Tata Coffee, he was in Tata Tea since 1972 and held various senior positions in the Company.
Shares of the company was seen trading at Rs 942, higher by 0.60 per cent on BSE. It touched an intra-day high of Rs 951 during the trade.