Cyrus Mistry Removed, Ratan Tata Comes Back

Cyrus Mistry Removed, Ratan Tata Comes Back

Mumbai: In one of the biggest upheaval in the corporate sector, the Tata Sons Board has appointed Ratan Tata as the interim chairman of the group, replacing Cyrus Mistry. Reports suggest that Mistry has resigned from his post as chairman.

Tata Sons has announced that its board has replaced Cyrus P. Mistry as Chairman of Tata Sons. The decision was taken at a board meeting held here today. The board has named Ratan N. Tata as interim Chairman of Tata Sons. It has constituted a selection committee to choose a new Chairman. The committee comprises Ratan N. Tata, Venu Srinivasan, Amit Chandra, 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.