TATA STEEL CHOOSES SENIOR MANAGER TO PLAN BUY-OUT

Tata Steel have said they have given a senior manager paid leave to put together a bid to buy the UK branch of the steel firm.

Stuart Wilkie, who is currently hub director for Tata Steel Europe's Strip Products UK business, temporary paid leave of absence to allow him time "to develop the management buy-out bid for Tata Steel UK that he intends to lead".

Mr Wilkie will be replaced on a temporary basis by Jon Ferriman. Mr Ferriman, who leads the project management office for Tata Steel Europe. He is described as a "highly experienced operational manager" with "detailed knowledge of the Strip Products UK business having previously held the role of Hub Director".