N Chandrasekaran, CEO and MD of TCS, is new Chairman of Tata Sons ..

Sai Jai

5 Jan 2015
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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.
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