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Tata Sons Board replaces Cyrus P. Mistry as Chairman

Tata Sons Board replaces Cyrus P. Mistry as Chairman

India Blooms News Service | | 24 Oct 2016, 05:44 pm
Mumbai/ Kolkata, Oct 24 (IBNS): Tata Sons on Monday announced that its Board has replaced Cyrus P. Mistry as Chairman of Tata Sons.

The decision was taken at a Board meeting held here.

The Board has named Ratan N. Tata as Interim Chairman of Tata Sons.

"The Board has constituted a Selection Committee to choose a new Chairman. The Committee comprises Mr. Ratan N. Tata, Mr. Venu Srinivasan, Mr. Amit Chandra, Mr. Ronen Sen and Lord Kumar Bhattacharyya, as per the criteria in the Articles of Association of Tata Sons. The committee has been mandated to complete the selection process in four months," read a statement issued by Tata Sons.