Sai Jai
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NEW DELHI: Tata Consultancy Services CEO Nataraja Chandrasekaran was today named the new Chairman of Tata Sons, the holding company of the $103 billion Tata Group.
Chandrasekaran's appointment
comes less than three months
after Cyrus Mistry was removed as
chairman on October 24. Mistry's
dismissal led to a bitter spat
between him and group patriarch
Ratan Tata, who has served as
interim Chairman since his departure
The announcement was made
after an unscheduled board
meeting called at 4 PM today, well
ahead of the February 24 deadline
for selecting a new Chairman, the
Economic Times reported.
A five-member panel was
constituted in October to shortlist
candidates for the position, and its
members included Ratan Tata and
three other Tata Sons board
members, the report said.
Chandrasekaran's appointment
comes less than three months
after Cyrus Mistry was removed as
chairman on October 24. Mistry's
dismissal led to a bitter spat
between him and group patriarch
Ratan Tata, who has served as
interim Chairman since his departure
The announcement was made
after an unscheduled board
meeting called at 4 PM today, well
ahead of the February 24 deadline
for selecting a new Chairman, the
Economic Times reported.
A five-member panel was
constituted in October to shortlist
candidates for the position, and its
members included Ratan Tata and
three other Tata Sons board
members, the report said.
