NEW DELHI, India – Tata Coffee last week decided to re-appoint Sanjiv Sarin as the managing director and CEO of the company for an additional period of one year. The decision was taken by the board of directors during its last meeting.
In a regulatory filing, Tata Coffee said the board approved Sarin’s re-appointment based on the recommendation of the Nomination and Remuneration Committee.
“The board of directors approved the re-appointment of Sanjiv Sarin as managing director and CEO of the company for a further period from 25 April, 2018 to 31 March, 2019,” reads the filing.
Based in Bangalore, Tata Coffee is owned by the Tata Global Beverages, a subsidiary of Tata Group. The company owns 19 coffee estates and 7 tea estates.
Tata Coffee entered into a coffee sourcing and roasting agreement with Starbucks Coffee Company to supply coffee beans to its coffee chains in India.
Both agreed to work toward developing and improving the profile of India-grown coffee around the world, as well as improving the quality of coffee through sustainable practices and advanced agronomy solutions.
In 2012, the two companies launched the equal joint venture Tata Starbucks (formerly Tata Starbucks limited), that owns and operates Starbucks outlets in India. The outlets are branded Starbucks “A Tata Alliance”.
