When Tata Consultancy Services (TCS) announced last month its chief operating officer (COO) and executive director, N Ganapathy Subramaniam, would retire in May, the information technology giant also said it would not appoint Subramaniam's successor. Instead, it would redistribute his work.
TCS is not the only IT major to have done away with the COO's position. Truth be told, the company never consistently had one.
The only other time it had a COO was when N Chandrasekaran, now the chairman of Tata Sons, was appointed to the post in 2007.
In December 2021, Infosys scrapped the position when its COO, UB Pravin Rao, retired. Rao's responsibilities were delegated to others to create a stronger leadership structure.
What does this say about the COO's position? Does India Inc think it is becoming redundant? Not entirely, and not in every sector, though the COO position is being reassessed as organisational structures and leadership roles get recalibrated.
"The current thinking among leaders and members of boards is to keep an organisation flat and nimble to make decisions faster and be more agile than ever before,” says Aditya Narayan Mishra, Managing Director and Chief Executive Officer, CIEL HR, a recruitment agency.
According to CIEL HR, there are currently more than 8,000 openings for chief experience officer (CXO) across companies in sectors such as consulting, telecommunications, manufacturing, IT, and healthcare. Of these, barely 12 per cent are for the COO'S role. (CXO encompasses several C-suite positions such as COO, chief financial officer or CFO, chief technology officer or CTO, and chief accounting officer or CAO.)
Diese Geschichte stammt aus der May 06, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der May 06, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
A life that lives beyond
The passing of Ratan Tata marks the loss of not only an iconic leader but also a global visionary whose influence extended far beyond business.
Ratan Tata: The unlikely social media star
On Monday, Ratan Tata posted on social media: \"Thank you for thinking of me,\" debunking rumours about his health. Just two days later, on Wednesday, the former Tata Group chairman passed away in a Mumbai hospital at the age of 86.
Paytm appears poised for rebound
While Paytm (One97 Communications) is not completely past regulatory hurdles, its share price has gained in the last month or two. The Paytm handle migration is complete along with FDI clearance necessary for the Payment Aggregator (PA) license.
Love-all, RAFA
'KING OF CLAY' TO SIGN OFF FROM PROFESSIONAL TENNIS BY THE END OF THIS SEASON
Aman for startups
Ratan Tata was known as much for his business acumen as for his philanthropy. However, a lesser-known fact was his stellar track record when it came to startup investment.
RBI's inflation caution may halt FMCG rally
Analysts suggest buying quality stocks on dips for long term
Indices close marginally higher
Equity benchmark indices Sensex and Nifty settled higher on Thursday due to gains in banking, power, and industrial stocks amid a firm trend in global markets.
Oil gains after 2-day decline
Oil rose after a two-day decline as traders watched for an Israeli response to Iran's missile attack early last week, while US crude stockpiles expanded the most since April.
Pro-rata distribution mandate for AIFs likely to see tweaks
Final norms to ensure excuse, exclude provisions co-exist
Bernstein downgrades Indian stocks on valuation concerns
Bernstein Societe Generale Group's Asia quant strategists have downgraded Indian stocks due to valuations, while predicting further upside for Chinese equities on a policy boost.