Ratan Tata replaces Cyrus Mistry as Chairman of Tata Group

Please follow and like us:

The Tata Group has unexpectedly replaced Cyrus Mistry as chairman of the company. Ratan Tata has been named as interim chairman while a selection committee finds a permanent replacement.

ratan tata

The company was led by Mistry in late December 2012. He was the first chairman appointed outside the family.

No details have been given as to why the board decided to make such change.

Previously Ratan Tata was in charge of the company for more than two decades, which was later replaced by Mr Mistry who was appointed more than a year ago before Mr Tata retired.

Tata Sons are one of India’s oldest conglomerates which are made up of more than 100 companies.

If rumours are to be believed, the decision to replace Cyrus Mistry was ‘performance based’.

Another report suggests that over last 6 months there had been serious differences between Ratan Tata and Mistry.

For more updates, do Subscribe to our newsletter and follow us on FacebookTwitter and Google+.

Leave a Reply

Your email address will not be published.

The content and images used on this site are copyright protected and copyrights vests with their respective owners. We make every effort to link back to original content whenever possible. If you own rights to any of the images, and do not wish them to appear here, please contact us and they will be promptly removed. Usage of content and images on this website is intended to promote our works and no endorsement of the artist shall be implied. Read more detailed ​​disclaimer
Copyright © 2022 Tentaran.com. All rights reserved.
× How can I help you?