Ratan Tata takes over as Tata Sons chief

Ratan Tata, who Mistry had replaced on December 29, 2012, has been appointed as interim Chairman for four months during which a search committee will look for a replacement.

By   |  Published: 24th Oct 2016  11:43 amUpdated: 24th Oct 2016  12:35 pm
Ratan Tata. Photo: IANS

New Delhi: In a surprise move, Tata Sons on Monday removed Cyrus Mistry as its Chairman, nearly four years after he took over the reins of the over USD 100 billion salt-to-software conglomerate.

Ratan Tata, who Mistry had replaced on December 29, 2012, has been appointed as interim Chairman for four months during which a search committee will look for a replacement.

CEOs at the operating company level have not been touched in the rejig.