Earlier, Noel N Tata took over as the chairman of the company following the retirement of FH Kavarana. Tata, who has been the vice-chairman of the company, assumed the new role on March 31, 2014.
Tata group firm Trent Ltd today said it has reappointed Philip Auld as the chief executive officer (CEO) and manager of the company for a period of three years with effect from May 1, 2014. Auld was appointed as the CEO in April 2011.
"Board of directors of the company has reappointed Philip Auld as the chief executive officer and manager of the company for a further period of three years, with effect from May 1, 2014, subject to necessary approvals," the company said in a BSE filing.
Earlier, Noel N Tata took over as the chairman of the company following the retirement of FH Kavarana. Tata, who has been the vice-chairman of the company, assumed the new role on March 31, 2014. Established in 1998, Trent runs lifestyle chain Westside, hypermarket chain Star Bazaar and Landmark, a books and music chain. As on December 31, 2013, Trent operated 79 Westside stores.
Earlier this year, British retail major Tesco formed a joint venture with the Tata Group firm by buying a 50 percent stake in Trent Hypermarket Ltd (THL) for about 85 million pounds. THL operates the Star Bazaar retail business in India.
Trent stock price
On April 10, 2014, Trent closed at Rs 1000.05, down Rs 18.6, or 1.83 percent. The 52-week high of the share was Rs 1339.80 and the 52-week low was Rs 902.00.
The company's trailing 12-month (TTM) EPS was at Rs 22.85 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 43.77. The latest book value of the company is Rs 461.02 per share. At current value, the price-to-book value of the company is 2.17.
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