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Tata Motors on Monday announced the appointment of P B Balaji as the new Chief Financial Officer, Tata Motors Group from November 2017 replacing C R Ramakrishnan, the current CFO who retires by September 30, having already served a several extensions.

The company said in a statement that Balaji will help drive financial performance and bring greater rigor to operations and investment decisions across the different entities.

Having started his career with Unilever in 1995 and worked in different corporate finance roles across Asian markets, Switzerland, UK and India, Balaji is very well oriented in global finance stream with over two decades of experience in the corporate sector. Since 2014, he has been heading the finance function as the Chief Financial Officer of Hindustan Unilever, a $6 billion enterprise. Prior to that, he was the Chief Accountant of the Unilever Group in London.

"Balaji will play a very important role in the transformation journey of the company and help Tata Motors in its renewed focus on topline, market share growth, major cost reduction initiatives and efficiency improvements to deliver better financial performance and profitability in the future.” said Guenter Butschek, Chief Executive Officer & Managing Director, Tata Motors.

Balaji is a graduate of Indian Institute of Technology, Chennai and has a post-graduate management degree from Indian Institute of Management, Kolkata. He will up take up his new assignment in November this year.

On his new role in Tata Motors, Balaji said, "The Tata Group represents the leading edge of Indian business and I am delighted to have the opportunity to work with the Tata Motors’ leadership team. I look forward to being part of the transformation journey and an exciting career ahead.”