Partho Shome to head task force on tax reforms
New Delhi: Partho Shome, former director of the National Institute of Public Finance and Policy, is tipped to be the chairman of the task force on tax reforms constituted by the government.

The task force is expected to recommend a time-bound programme of reform of tax structures, both indirect and direct.
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Coke restructures personnel
New York: Coca-Cola has restructured its staff. Jack Stahl, head of Coca-Cola North America, has been given responsibility for the entire Americas and for the Minute Maid juice company. Doug Daft, present president of the Middle East and Far East group, will take responsibility for Africa and for the Schweppes beverage business. James Chestnut, the company’s chief financial officer, will assume chare of corporate services, communications, government relations, human resources, and product liability.

Douglas Ivestor, chairman of the company, is to seek approval of the company’s board for the promotion of Gary Fayad, the company’s controller, to be promoted as chief financial officer.
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Lockheed Martin officers quit
New York: Two senior executives of Lockheed Martin, Peter Teets, chief operating officer, and James "Micky" Blackwell, head of the military aircraft division, have quit the company. They have owned responsibility for the company’s performance as it had issued its fourth profits warning in less than a year.

Mr Teets says he will retire and take personal responsibility for the performance. The military aircraft division has been the source of many problems. Mr Blackwell is also retiring. Vince Coffman, chairman and chief executive of the company, will assume Mr Teets' duties.
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